"Inflationary pressures have remained surprisingly strong right through the downturn, and there is as yet little sign of a let-up," the Telegraph reports. "This is "cost push inflation", rather than "demand pull", but no less damaging to disposable incomes and business confidence for it." "The policy dilemma f
"The Fed has made a hash of quantitative easing, largely due to Bernanke's ideological infatuation with "creditism". QE has been large enough to horrify everybody (especially the Chinese) by its sheer size – lifting the balance sheet to $2.4 trillion – but it has been carried out in such a way that it does not gain full traction. This is the worst of both worlds.
"Since more or less the dawn of time, the British have loved to present themselves as that bit better – and better-off – than their counterparts overseas. Back in the 19th century, Gustave Flaubert's not entirely sincere definition for Englishmen in his satirical Dictionary of Received Ideas was: "Tous riches". Yet at the same time, there has been a perennial strain of n
"The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history," writes Evans-Pritchard in the Telegraph. "The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators acr
"The technology, to be trialled at two hotels next month, would mean that guests could choose to avoid the hassle of checking in at the front desk.Instead, they would download an application to their mobile device that would enable them to open their door simply by holding their phone to a sensor. 'We don't need to burden people with additional items; it just clutters up their lives. Th
"The world's five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten "social cohnesion", according to a report on sovereign debt by Moody's," the Telegraph reports. "The US rating agency said the US, the UK, Germany, France, and Spain are walking a tightrope as they try to bring public finances under
"The United States, home to George Clooney and Jessica Simpson, came top in a poll of more than 5,000 globe-trotting Britons," the Telegraph reports. "In second place was Brazil while Spain, which boasts Hollywood actress Penelope Cruz as one of its natives, was third." Canadians finished out of the top 10.
"Bank lending in the US has contracted so far this year at the fastest rate in recorded history, raising concerns that the Federal Reserve may have jumped the gun by withdrawing emergency stimulus," according to the Telegraph. "The M3 broad money supply – watched by monetarists as a leading indicator of trouble a year ahead – has been contracting at a rate