06/13/2013

Witch Hunt of the Wealthy

Before we embark on another round of the blame game, we should take stock and question the logic of a witch-hunt on the wealthy. It is usually the Witch Finders who have most to hide and stir up the wrath of the mob to disguise their own failings.

06/09/2013

The warning from minor tremors

The past few weeks have seen markets react to apparently even the slightest hint that their current stimulant of choice might just start to be restricted in its supply in the USA.

06/09/2013

Rolling back the contagion clock

The current degree of EM sensitivity to US financial stress is aligned with other post-crisis stress episodes. While changing perceptions of Fed policy and soft

06/08/2013

What if Britain had joined the euro?

The five tests were arguably Gordon Brown's greatest triumph, for by applying disciplined economic analysis to the issue of whether Britain was ready for the euro,