The Italian bond market is in distress this morning. Although Berlusconi promised to resign after the passage of austerity reforms get through Parliament the bond market may be reacting to the potential for a fractious coalition government getting in to power, which could only exacerbate Italy’s fiscal situation. Stress in the Read More Italy on [...]
The world is facing a prolonged crisis unless leaders can find the “political determination” to set the recovery back on track, the heads of both the International Monetary Fund and World Bank have warned. Read More IMFs Christine Lagarde blames politicians for bringing world to brink of recession
At the end of the prior week many key markets were sitting just above major breakdown levels and the risk was for a severe move lower. But just one week later, risky assets have rebounded and show a potential resumption of trends higher. Is all suddenly well in the world? Read More Risk is Back [...]
The Government’s proposed fiscal retrenchment still looks inadequate, given the scale of the UK’s problem. Read More Coalition claims of pulling Britain back from the brink are nonsense
Scotland’s economy is teetering on the brink of a double-dip recession and the number of companies going bust has reached record levels, official figures have revealed. Read More Scotland on brink of doubledip recession
As the dollar remains weak across the board thanks to renewed concerns about the strength of economy recover, the dollar-yen ratio currently sits just above major long-term support in the 87-88 yen range. 5 Vote(s) Read More US Dollar Yen on the Brink
Forex Boy