This week saw recent US economic history rewritten a little: growth in the first quarter was revised lower
Asia has long been the global economy’s best hope. Its relative growth prospects are undoubted: in a liberalising world, why should three-fifths of the planet’s population not one day produce a similar proportion of its output?
The idea our children will be collectively shackled by our debts is as misleading as the headlines suggesting the average person on Earth owes X thousand dollars
Last week, chairman of the Federal Reserve (Fed), Ben Bernanke bent the knee to the bond vigilantes
Yet another bout of volatility is testing investors’ patience. This one, however, likely marks the beginning of a return to normality, not a divergence from it
In spite of another Portuguese political meltdown and more astonishing scenes in Tahrir Square, Egypt, the most recognisable fingerprints on markets last week were again those of the central bankers
We have been expecting, even courting, some returning
volatility for several months now
STANDARD & Poor’s (S&P) confirmed on Friday that France and Austria have lost their coveted AAA ratings and also downgraded seven other euro area countries, including Italy, Spain and Portugal.
In many respects, the consumer has carried the weight of the global economy on its shoulders for some time.
AS A torrid 2011 draws to a close and investors look ahead nervously to 2012 and the next batch of emergency EU summits, potential risks are much easier to spot than opportunities.