Well, he didn’t say that during the election, did he? The Prime Minister’s warning that the cuts in public spending will be so deep as to affect “our whole way of life”sounded ominous, as I think it was meant to be. We’re being softened up, and the markets appeased. The realities of [...]
Today's inflation figures confirm what many of us have been noticing in "real life", as opposed to the official statistical version – that the cost of living is going up at a fairly quick pace.
RPI measure inflation is up to 5.3 per cent, and it's a pretty wide ranging phenomenon. Everything from women's clothing [...]
Unemployment down. Good news. Well, yes, and the figures are much better than were hoped for. They're a big political bonus boost for ministers who feared fighting an election with unemployment steeply rising and desperate headlines about dole queues; "Labour Isn’t Working" and all that.
There's a also a Budget bonus, as lower unemployment spending [...]
Everybody hates the banks. Everybody hates bailing them out. But in the coming days and weeks, the Obama administration is going to pump not just the rest of the $700bn bailout fund into the zombie institutions of the US banking system, but even more on top of that.
Good news, then, that President Barack Obama has just [...]
Moody’s, the credit rating agency, is starting to ask a very scary question, albeit in very soothing language. It has just issued it’s clients with a report called Dimensioning US Government Debt.
By taking over Fannie Mae and Freddie Mac and by expanding the activities of the Federal Reserve the US government has taken ownership of [...]
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