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Russia’s stock market is down 36% since May. And now, it seems, we’re looking at a "new Cold War". Why on earth would anyone want to invest there? "Because there isn’t go to be a new Cold War!" says Garry White. The FT’s Lex column is bearish on the prospects for ...
Ouzilly, France Thursday, 28 August 2008 The Dow rose 89 points yesterday. Oil rose to $118... and has almost reached $119 this morning. The reason given for oil’s rise is a storm in the Caribbean, named Gustav, which threatens to shut down oil rigs in the Gulf of ...
Received wisdom has it that China will be dragged down by the other major world economies. But let’s not be so hasty. The signs are that there’s still plenty of life left in the Dragon. And that’s not just good news for China — it’s great news for western ...
Ouzilly, France After the biggest spending and borrowing binge in history, Americans need time and money. They need to pay their debts. They need to build savings for their retirements. They need time and money to recover from their mistakes. What kind of ...
Well, how about that? No sooner do I write a nice positive article last Thursday about training group Xpertise than it attracts a take-over bid and the shares gain 85%! Since when, with a long weekend away from the thrills and spills of the small company world, I ...
"This is just a transitory period of subdued growth and we will get through the other side and the growth will resume to more normal levels." — Charles Bean, Bank of England deputy governor, August 25 2008. "It's fair to say that if you look at the shocks ...
Ouzilly, France "Wall Street, central bankers, economists, politicians — and most investors too — are betting on a soft landing," said a friend from New York. "A slowdown in world growth has taken the pressure off commodity prices. Slower growth will help keep ...
The diet is over: US oil consumption is about to surge "Oil consumption has fallen enough to bring prices sharply lower," declared the Vancouver Sun on Monday morning. This means oil will plunge below $100 a barrel, it said. Oil responded by rallying 8% over the ...
It’s monsoon season in Asia. I’ve never experienced a monsoon first-hand. But my brother, who lives in South Korea, has told me all about them. He remembers the first time he was caught in a major downpour. "I was soaked through," he says, "as if I’d just run ...
Ouzilly, France We are about to witness a huge drama — one that will, ultimately, determine the fate of the United States of America... and the whole human race. Before us is a clear and present danger. There is no doubt about it. Anyone who cares to look can see ...