Now that the new budget has been announced by George Osborne and spending review disseminated, the coalition is lauding its merits and the opposition is deflecting responsibility for the deficit and exposing flaws in the cuts. Today’s budget and public…
Tag Archives: IMF
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Yesterday I attended a presentation by Greek officials and delegates from the IMF and EU as part of the London leg of a two day European trip. Considering this was a two day roadshow designed to reassure investors and rebuild…
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Much has been made of the fact that the European economy (since the creation of the European Economic and Monetary Union or EMU) has exited the worst recession in its existence. Many have pointed to the early actions of politicians…
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Unemployment likely to rise for many months to come – Central Banks firmly on hold, perhaps for over a year
- Topics
- global economy, unemployment
Posted May 17th, 2010
With sovereign and political issues taking centre stage in markets recently, macroeconomic indicators have taken a back-seat in many market participants’ minds. But how have the advanced economies been recovering, absent these risks? Today I’d like to focus on some…
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The past couple of days have seen Greek debt take a bit of a battering. Spreads on Greek government bonds are the widest they have been since the inception of the Euro, and Greek 5yr CDS is wider by 100bps+…
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Football promotions, Buffett and the IMF World Cup
- Topics
- GDP, global economy
Posted March 16th, 2010
With the latest Beckham injury hitting both the front and back pages of our national newspapers, the FIFA Football World Cup will soon rival talk of elections and budgets for headlines. We are about to be bombarded with messages from…
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A couple of weeks ago I went on an incredibly useful trip to Frankfurt, where I met with some key policy makers from the European Central Bank and the Bundesbank, and discussed a range of issues including the timing of…
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How much do homeowners stand to lose on the UK housing market?
- Topics
- property market, UK
Posted April 17th, 2008
At the beginning of October last year, Richard asked “Is the UK housing market on the brink?” (read article here). Conclusion – little danger of collapse in the short term, but any dropping away of mortgage approvals would change this…










