Iran: Sorry State

Iran is a right old sorry state (of affairs).  Plunged into recession, inflationary pressure that Abenomics wouldn’t mind having a bit of and Bernanke might just be getting if he carries on printing the greenbacks at the rate they are churning out of the Federal Reserve faster than a Ford-T in 1908. Anyone standing from…

G8 Summit: Just How Effective?

Lough Erne. Should read more like Laugh Erne! The G8 summit opens today in Ireland under the Presidency of Prime Minister of the UK, David Cameron. Beyond the fact that now given that the G20 exists and even the G77 (the more the merrier?), questions are raised as to whether the G8 is still willing…

IMF: It Ain’t Over Till The Fat Lady Sings

‘It ain’t over till the fat lady sings’. No, I'm not referring to Mrs. Lagarde and no, I don’t want a law suit on my hands. I’m just saying. The expression is commonly used to infer that people shouldn’t be presuming the final outcome of a situation, until we all get there. It’s not because…

What Withdrawing QE4 Will Mean for Europe, Japan and the US

The Federal Reserve wants to wean the markets of the cash infusions that we have abbreviated to QE4 in the last spate of stimulus. So dreaded that we can’t even mention its name in full for some, you might add. The dreaded Q-thingy. QE4 has kept the US economy afloat for the past 6 months.…

News That Matters - Week Beginning June 17th

Although a slew of tier one economic data is due to be released in the week ahead, all eyes will be firmly focussed on the Federal Reserve’s policy meeting and Fed chairman Ben Bernanke’s press conference. Since Bernanke’s testimony to congress a few weeks ago, markets have increasingly become jittery and volatility has returned with…

Stiglitz: Fed Fell into Trap of QE

It looks like we are on for a big whacking bubble to burst and this time it looks like it will hurt for a long time. What’s to blame this time? Not learning from our mistakes! If Ben Bernanke was one of the students sitting in Joseph Stiglitz class at Columbia Business School, either he…