“The biggest crisis in Europe in the 21st Century”

Only one place to start. The situation in Ukraine is evolving fast, with market risks taking shape. Whether the IMF/EU can find the money to keep Ukraine afloat is a moot point, given the threat of conflict. However, Ukraine’s troubles aren’t over even if loans and peace materialize. The Eurozone crisis has made us all … More “The biggest crisis in Europe in the 21st Century”

Emerging markets should resist systemic crisis

The eerie post-taper calm is over. Disappointing Chinese data appears to be the proverbial straw that broke the back of emerging market confidence. Arguably, disappointing economic news from Beijing disrupts emerging market capital flows as much as any monetary missive from Washington. Unsurprisingly so, since so many emerging economies fortunes are closely tied to China. … More Emerging markets should resist systemic crisis

It’s beginning to look a lot like Christmas…

Perry Como could have been warbling these lines since October on my high street; but forget tinsel, nowadays it’s not really Christmas until the discount signs are up in shop windows. This year, retailers changed the dynamics of their annual game of ‘chicken’ with consumers by embracing the US concept of ‘Black Friday’. This appeared … More It’s beginning to look a lot like Christmas…