Although lending to businesses is reaching record levels in the US, that should not be taken as evidence of strength in economic recovery, bankers are now warning privately “Much of the corporate lending is going to fund payouts to shareholders, finance acquisitions,...
US President Barack Obama has indulged in another of the politicians’ crusades against foreign tax havens, which always conveniently ignore the smelly stuff on the politicians’ own doorsteps. Robin Mitchinson reports in his blog whydonttheylistentous that Obama’s...
The US Federal Reserve’s policy of buying debt instruments with money it’s creating out of thin air – currently at the extraordinary rate of more than a trillion dollars’ worth every year – is the right thing to do, because it doesn’t add to the net amount of US debt...
Now the uncertainty of the US presidential contest has been removed, investment markets have shifted their focus to other major uncertainties – the “fiscal cliff,” the European comic opera, the China slowdown. I suspect they will continue to weigh on the markets for a...
