Facebook’s massive stockmarket flotation looks set to focus attention on new technology shares and funds, which most investors have shunned since the dot.gone disaster of a decade ago. Readers who regard social media with about as much enthusiasm as a pub with no beer may be baffled by talk that the website might achieve a [...]
Beware the economics as Irish growth again stalls
So much for the Irish economic miracle – regularly cited by eurozone leaders as a shining example of how you can combine austerity with membership of European Monetary Union and still get growth. Er, no. In the third quarter of this year, according to figures published on Friday, the Irish economy contracted 1.9pc. Admittedly, this [...]
Autumn Statement: Proof that a lack of growth leads to carnage
Ouch. If you wanted to know exactly how expensive weak growth is to the economy, the Chancellor’s Autumn Statement has provided the answer. Crippling. Over the five years from 2011/2012 to 2015/2016, the Government will have to borrow £111bn more than had been expected just nine months ago. The reason? Because the Government will raise [...]
Britain’s growth figures hide the real problems in manufacturing and in Europe
I don’t wish to be gloomy, but it is hard to get excited about today’s better-than-expected growth of 0.5pc in the three months to September. A peek beneath the surface reveals all sorts of ugly cracks in the economic foundations. First, there is today’s dreadful manufacturing activity data for October. The monthly purchasing manager’ indices [...]
Collapse in German growth will add to euro rebellion
News that Germany recorded only marginal, 0.1pc, GDP growth in the second quarter is not just an economic event; it is a political one too, for the German economic “miracle”, with output rebounding from its post Lehman low far more rapidly than any other advanced economy, has been about the only thing that has kept [...]
Traders eye central banks as growth fears rule
The Japanese currency has fallen after the latest move by a central bank to combat the impact of recent market turmoil View full post on Financial Times – UK Homepage UK Credit Card Terms:Published News Upcoming News Submit a New Story Groups astronomy data (2)Published News Upcoming News Submit a New Story Groups data physics [...]
Stocks slump on growth concerns
Gold hits another record as investors scramble for safety with fears growing that the US economy is facing a double-dip recession View full post on Financial Times – UK Homepage
Global growth fears back in focus
Exporters and resources pace a fall in Asian shares as a surprise drop in US consumer spending fuels concerns about slowing economic growth View full post on Financial Times – UK Homepage
Global growth fears push gold to record
Cautious mood leads ‘core’ sovereign bond yields lower, while commodities are softer on demand concerns and haven currencies are stronger View full post on Financial Times – UK Homepage
Growth worries kill debt deal rally
A fading risk asset rally was delivered a coup de grace by much weaker than expected survey of US manufacturing. View full post on Financial Times – UK Homepage