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Archive for the 'Finance' Category

Its the economy, stupid!

Despite all the misery they have caused us, banks still play a very important role. They keep our economies well oiled, or rather they should. Nothing can worsen our perception of banks now, they have done everything they should not do. There has been a complete erosion of trust, which is the basis of any […]

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US downgrade, should we panic?

Standard & Poor, the ratings agency this week re-assigned America’s credit rating from stable to negative. In English, this suggests that the US is in trouble. Is it really that much in trouble that its credit rating has been downgraded for the first time in 70 years? This timing of this move is surprising because […]

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How fast ,How deep – The Tory gamble.

The comprehensive spending review delivered by the Chancellor George Osborne was a big gamble with the economy, at a time when we are witnessing more than just green shoots of recovery. GDP figures just released show a 0.8% rise in the third quarter. Although less than the 1.2% rise in GDP in Q2, it is […]

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