Susanah Streeter, head of money and markets, Hargreaves Lansdown: “A sense of calm has resumed across financial markets, helping to reverse the tumultuous trajectory of stocks witnessed over the past…
The On / Off US RecessionIs the US being resilient or is it about to collapse? We survey the scene The chances were about 75% at the end of last…
Welcome to the world of general disequilibrium By Brian Reading Official forecasters use econometric models which assume all markets return simultaneously to general equilibrium in the medium term. Cost-push inflationary…
Main risk to recession comes from loose ECB policy By Jacques de Larosière Reasons for the European Central Bank to raise interest rates now to counter rising inflation are overwhelming.…