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Daily brief: Moneycorp
Posted on: 9 October 2013
For those in whom mainstream hobbies such as vacuum-cleaner-collecting or bus-spotting generate unbearable levels of adrenaline, a gentler pursuit is available.
Posted on: 8 October 2013
Last night the Royal Institute of Chartered Surveyors reported that its house price balance had risen from 41% to 54%, its highest level for 11 years. The news has done no harm to sterling though...
Posted on: 4 October 2013
Critics could describe US politicians as a tax on the stupidity of the American electorate. Since the government shutdown three days ago they have made no serious effort to reach an agreement on the spending bill...
Posted on: 3 October 2013
Shutting down the US government involves, inter alia, closing America's national parks. One of them is the Grand Canyon National Park, which covers 5,000 sq km.
Posted on: 2 October 2013
A couple of this morning's papers cover a report by Pricewaterhousecoopers, an accountancy firm, about counterfeit goods.
Posted on: 1 October 2013
Well they've done it. For the first time since the 1990s the US federal government has been shut down by warring politicians.
Posted on: 30 September 2013
Earlier this year the EU said it would need €7.3bn more to pay its bills in 2013. Last week it announced it wanted another €3.9bn...
Posted on: 27 September 2013
Investors are mostly distrustful of the "activist" Republicans in Congress who want to prevent the US government borrowing money to pay for expenditure they have already approved...
Posted on: 26 September 2013
It isn't the story, it's how you tell it. One article in today's Daily Mail alleges that teenagers are "stupid" and another argues that "older people... make better decisions".
Posted on: 25 September 2013
On both sides of the Atlantic central bankers have been reassuring financial markets that interest rates will remain at very low levels for a very long time.
Posted on: 24 September 2013
The best-performing currency since Friday morning has been the Japanese yen and it has strengthened by less than one yen, 0.6%. Monday's movements were just as small as Friday's had been.
Posted on: 23 September 2013
The chickens were out in force on Friday. They shied away from most opportunities to interact with currencies, leaving the majority of them unchanged against one another.
Posted on: 20 September 2013
In her book "Unbelievable! The Bizarre World of Coincidences", published yesterday, Jenny Crompton examines unbelievably bizarre coincidences from around the world...
Posted on: 19 September 2013
51.7% of statistics are made up. And at least that proportion of investors must have misinterpreted the intention of the Federal Open Market Committee with regard to the wind-down of its quantitative easing programme...
Posted on: 18 September 2013
Yet the spectre of the likely future Federal Reserve chairperson looms large today, ahead of this evening's potentially epochal monetary policy decision.