Out of the Frying Pan and into the Fire
According to author Chuck Palahniuk “Only after disaster can we be resurrected.” One can only hope that this is true for... Read More >
It looks like we'll have a decision on the automakers bail out via a Congressional vote today but a positive outcome is by no means assured. As we all know, the... Read More >
The Obama bail out plan and the nearing of an 'equitable arrangement' for the big 3 automakers softened the risk atmosphere yesterday and allowed sterling to ma... Read More >
Attention turned to the jobs market on Friday and volatility increased as one of the worst non-farm jobs fall in post-war US history was released. 533,000 peopl... Read More >
Both interest rate decisions went as we expected yesterday with the Bank of England's MPC cutting by 1% to 2% for the first time since 1939 and with the ECB cut... Read More >
Bishop John M Allin once said 'being head of the Church is like putting together a jigsaw puzzle while riding on a roller coaster'. Now he knows how we feel; th... Read More >
Equity markets got a couple of shots in the arm yesterday as bullish news from a couple of corporate heavyweights tempered poor investor sentiment. GE, the worl... Read More >
Yesterday saw the biggest one day fall in the value of the pound in percentage terms since it swan dived out of the ERM in 1992 and brings a new climate of nerv... Read More >
NZD
In New Zealand Building consent issuance plummeted in October to its lowest level on record, and points to a substantial contraction in residential investme... Read More >
Bold moves from Governments around the globe kept currency markets busy, and equity markets buoyant throughout the week. The US Government announced a bailout p... Read More >