economy

Fragile and Under Threat

The IMF noted there are worries about higher oil prices. There is turmoil in many of the oil exporting countries, like Venezuela, Libya and Iran. The US has withdrawn this year from the Iranian nuclear…

Choose Your Next Move Carefully…

Last month, the US imposed tariffs on steel (25%) and aluminium (10%). They temporarily suspended tariffs for the European Union, Argentina, Australia, Brazil, Canada, Mexico and South Korea. But not for China. Over the weekend,…

Surprise Attack

Ever since June 1991 — our last official recession — the textbook approach to generating GDP growth has been to encourage households to borrow to ‘get the economy moving’. Our economic ‘success’ has really been…

The Cab Driver Didn’t Have Shoes

Another good day for Wall Street yesterday. The Dow rose more than 300 points. And sources tell Bloomberg that the Fed is ready to accept higher levels of inflation — say, 2.5% — before it…

Markets & Money