Hooray for Hollywood!
byIn Europe, the picture on one side of the banking balance sheet remains one of shrinking credit (more especially of the productive, private sector…
August, 2013
The wrong kind of consumption
bySince our last attempt at a textual analysis of where the economic pain threshold lies for China’s rulers, the intervening period has been punctuated…
Mark Carney’s grand experiment began today
byI was grateful to the BBC World at One programme for giving me the opportunity today to comment on Mark Carney’s first Inflation Report….
Price inflation approaching
byThere is some evidence in the UK of a pick-up in consumer spending, probably echoed elsewhere. There are two likely factors behind this, the…
Still waiting
by“This suspense is terrible. I hope it will last.” – The Hon. Gwendolen Fairfax in ‘The Importance of Being Earnest’ by Oscar Wilde. The…
Untangling gold at the Bank of England
byFrom 2006 the Bank of England’s Annual Report has declared the quantity of gold in its custody, including the UK’s own 310 tonnes. Prior…