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 … [Read more...]
Attacking Tax Havens
April 21, 2014 By Leave a Comment
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. … [Read more...]
Fake Debt and Funny Money
March 16, 2013 By Leave a Comment
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, … [Read more...]
Outlook After the Election
December 21, 2012 By Leave a Comment
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. … [Read more...]
