Europe Economics Update European Commission talking tough on SGP The European Commission is expected to launch official procedures against France, Spain, Greece and Ireland tomorrow for their breach of the Stability and Growth Pact (SGP). Each country will surely... 17th February 2009 · 1 min read
Global Economics Update Does Zimbabwe provide any lessons for QE? It is tempting to argue that the quantitative easing (QE) now being adopted in the US and the UK, among others, differs only in degree from the reckless printing of money that contributed to the hyper... 17th February 2009 · 1 min read
Europe Data Response German ZEW Survey (Feb.) & Euro-zone Trade Balance (Dec.) 17th February 2009 · 1 min read
UK Commercial Property Outlook Falling rents to become the key driver of the correction this year (Q1 09) The economic outlook has deteriorated even further over the past three months. As a result, we now expect GDP to contract by 3% this year and by a further 1% in 2010. Accordingly, we have downgraded... 17th February 2009 · 1 min read
UK Markets Chart Pack Gilts poised to rally further on adoption of QE (Feb 09) The bond market sell-off since the start of the year has stemmed from hope that massive monetary and fiscal stimulus will trigger economic recovery and prevent deflation. Concern about the market’s... 17th February 2009 · 1 min read
Asia Economics Update Disappointing budget passes the buck to the RBI The latest fiscal policy initiatives unveiled today in India will not boost its flagging economy. With exports plummeting and industry facing a severe credit crunch, there is increasing pressure on... 16th February 2009 · 1 min read
Europe Economics Update Southern European economies still set to fare the worst GDP data for Q4 showed the German economy contracting more sharply than that of any other euro-zone country. But while Germany is clearly suffering a deep recession, there are still good reasons to... 16th February 2009 · 1 min read
UK Economics Focus The pros and cons of bank nationalisation Speculation is growing that the Government will soon take a majority stake in Lloyds, representing another step towards full nationalisation of large parts of the banking system. Full nationalisation... 16th February 2009 · 1 min read
UK Housing Market Focus What is the fair value level for house prices? To our minds, the weight of evidence suggests that the fair value level for house prices is currently in the region of £125,000. For context, that figure is some 17% below the Nationwide’s estimate of... 16th February 2009 · 1 min read
