US Outlook Rosier

Inflation, housing, unemployment figures, personal spending and utility bills are all improving across the US. Inflation Inflation increased in March by 0.3%, and in April after adjusting spending forecasts we will see a 0.2% increase. That’s good news for the budgetary constraints of households. It will lead to increased spending all round. May 16th saw…

The Dreaded Curse of the IMF!

It looks like the International Monetary Fund has been jinxed. It’s fated. It’s doomed! The next managing director should start wearing garlic around their neck already or at least burn sage in their office to ward off evil spirits. Seems these days that anyone that steps into the shoes of the Managing Director of the…

Mervyn King: More Common Sense

Bank of Finland, Helsinki. 24th May 2013. What have we learned from the crisis? Mervyn King gave a speech in Helsinki Finland today just before he takes retirement from the Bank of England in which he said that both austerity and growth were at fault of grossly exaggerated statements to purely political ends:  "This debate…

European Central Bank: Let Them Go Bankrupt!

Everyone has heard of Marie-Antoinette screaming from her balcony at the Palace of Versailles in the early hours of the French Revolution: “if there’s no bread, then let them eat cake!”. Right! Poverty-stricken Frenchmen had access to cake, of course, didn’t they! Well, anyone would think that today’s announcement by the European Central Bank board…

Lean Manufacturing: Anorexia?

Since the word ‘lean’ was first coined in the context of production methods and new managerial skills in the late 1980s and early 1990s in the Land of the Rising Sun and then shipped over to the Western world quicker than you could say ‘Toyota’, the race has been on to reduce waste. Waste is…

Twitchin’ Curtains in Suburbia

Green Day, the US punk rock band sang a song once which spoke about life in suburbia. The lyrics went something like this: “Suburbia…City of the dead, at the end of another lost highway, signs misleading to nowhere…”. It might have been true back in 2005, when the song came out. Suburbia might have been…