In last week's blog I confidently asserted that today we would be treated to another masterful performance from M.Draghi at the ECB's post-meeting new...
Doom-mongers believe politicians will choose the easy way out and put pressure on central banks to crank up the printing presses. They often point to the weakness of the international monetary system, because it is based on fiat (soft) money, which is not backed by the value from tangible materials like gold. The pessimists think a monetary system based on fiat money will rarely, if ever, exist for long because hyperinflation is inevitable.
The rhythmic rise and fall of market sentiment has become depressingly familiar; so much so that I feel like I'm stuck in some sort of time loop, with the same string of events repeating itself over and over again.
The Great Depression of the 1930s is remembered as one of the worst economic periods in modern history. But statistics show that our current slump is in someways worse.
The increasingly likely prospect of the economy going into reverse in the final quarter is not expected to push Bank of England policymakers into roll...
PRESS ASSOCIATION -- The UK must resist "finger-wagging" or acting "triumphalist" over the eurozone crisis, Nick Clegg is due to say. The Deputy Pr...
