BEN Bernanke has begun the next phase of the US Federal Reserve Bank’s currency war on the rest of the world.
A renewed bout of US dollar debasement is bad news for Asia and the rest of the global economy. … Read the rest
European downturn could be worse than US
April 2008: Investors and traders who are still buying euros near record heights, beware.
The European economy is in the danger zone, despite the sanguine noises from the Continent’s finance ministers and central bankers. Growth of the 15-nation region that … Read the rest
Sterling devaluation best hope for UK economy
December 2008 :- The UK Treasury and Bank of England are pursuing a multi pronged attack to counter a deepening downturn in the British economy. In the end, however, the sharp depreciation of sterling, monetary expansion and belated interest rate … Read the rest
How Central bankers dropped the ball
December 2008:- Historians will narrate one day how central bankers were hopelessly out of touch with reality ahead of the greatest economic crisis since the thirties.
Despite numerous warnings, notably sliding US and European real estate prices, a worsening credit … Read the rest