">World Bank Chief Warns Golbal Economy Is Entering A New Danger Zone
World Bank chief Robert Zoellick on Saturday warned of a "new and more dangerous" time in the global economy, as Europe (Chicago Options: ^REURTRUSD - news) struggles to resolve its debt crisis.
Zoellick said the eurozone's sovereign debt issues were more troubling than ...
Bank Of England Hints At Rate Rise Soon
The Bank of England Monetary Policy Committee has said its central forecast in updated predictions for the economy is that inflation will return to the 2pc target over the next two years if interest rates ae raised when markets expect. That prepares the way for the Bank’s benchmark ...
Investment Banks To Be Split From Retail Banks To Protect Savers
A new review of the Banking industry carried out for the government has recommended British banks should have to have to separate their retail (current account) deposit and savings and investment banking arms to ensure that ordinary savers money is not put at risk as it was before the 2008 'toxic debt' crisis plunged the leading ...
Inflation The Big Threat To Recovery
Today's report highlights the concerns of business leaders who, while supporting the coalition goverment's austerity measures aimed at controlling the rinaway public sector deficit are worried that inflation and the crisis in the euro zone may still derail the economy.
Factory Gate Inflation Hits Two Year High
The so called 'factory gate index', the price of goods leaving British factories hit its highest rate in more than two years in March, official figures showed, raising fears about inflationary pressures feeding through into the general economy. Factory gate prices – what manufacturers charge for their products – rose 5.4pc over the year, the ...
Obama Administration Paralyzed By Budget Deadlock
Failure to agree a budget for the coming year with the Republican controlled House of Representatives plunged American President Barack Obama's administration into crisis last night. With only hours to go before the deadline at which funding to US Government operations will be cut off the gap between team Obama and ...
It's The Sovereignty, Stupid.
The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. TODAY: President Bill Clinton swung the 1992 presidential election campaign in his favour when his chief political strategist, James Carville, hung a sign in the Clinton campaign HQ that read, “ It's The Economy Stupid”. Yesterday as the German economy boomed voters sent Angela Merkel a different message.
Eurozone Small Nations Sovereignty Threatened By Debt
Eurozone debtor nations face sovereignty issues caused by the bail out as the Euro fails.
Shock inflation numbers ahead of UK Budget
TODAY: John de Roe analyses the likely consequences of rising inflation announced today and the budget measures introduceb by Chancellor George Osborne on the financial prospects of individuals, families and retired people.
EU Bond Crisis Worsens
Portugal edged closer to financial disaster yesterday, as a downgrade of the nation's credit rating resulted in the central bank having to pay almost 6pc to raise two-year debt. The yield on 10-year bonds briefly surged to 7.8pc as Chinese ratings agency Dagong downgraded the country's debt rating to BBB+.
European Leaders Agree Deal On Eurozone Bail Out Fund
TODAY: European leaders managed to reach an agreement on how to tackle the debt crisis afflicting the nations using the single currency, in the early hours of this morning. The deal was only concluded after significant concessions from Germany.
The Wisdom Of Urgent Deficit Reduction Reaches Obamaville
Not long ago I became involved in a thread with people who thought they were discussing economic philosophy. In fact they were simply doorstep evangelists for The Obamessiah and his lonytoons economics. As usual Team Obama make a wild statement and then defend it simply by saying no intelligent person could possibly
When Less Was MoreThis blog likes to bring you original article but is happy to serve as a highlighter for other controversialist writers, pointing you towards writers prepared to go againt the tide of mainsteam opinion, to chalenge the orthodoxy. Today the link is to an article by the excellent Deborah Orr, a true liberal who is commenting on the persistent whining
Eurozone Unravels In Debt Crisis The rebellion against the 1930s fiscal and monetary policies of the Euro-complex is gathering pace.
Il Sole has published a letter by 100 Italian economists warning that the austerity strategy imposed by Brussels/Frankfurt risks tipping Europe into a self-feeding downward spiral. Far from holding the eurozone together, it will cause weaker countries to be catapulted out of EMU
The Absolute Necessity Of Curbing State Spending
The left, already laughably styling themselves "the opposition" even as Labour splits into tiny factions including the "old left" the traditional party of the working class, the people with traditional Labour values who recognise there are no magical solution, the "progressive left",
Big Inflation Rise Precedes Budget
True awareness of how bad inflation has become was always going to be the February figure. In January, the effect of the VAT hike would have been obfuscated by the post Christmas sales. Taking that into account however the latest data, with consumer Price Index (CPI) inflation at 4.4pc and Retail Price Index (RPI) which is more reflective of the week by week cost of living, at 5.5pc, is far worse than anticipated ...
(Shorter posts from our blogs)
PIIGS Might Crash And Burn
The Next Financial Crisis
Printing Money - Finance Nightmare