Posts by "montmorency"

http://news.bbc.co.uk/1/hi/business/10211827.stm

"Wednesday, 2 June 2010 7:33 UK

Australia's economic growth slows

Australia's economy grew for a fifth straight quarter in the first three months of the year, but at a slower rate than the previous quarter."

The stern but lovely Stephanie is concerned about inflation in the UK too:
http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/05/time_to_worry_about_inflation.html

Wasn't sure where to put this, but since some people think gold is the ultimate hedge, maybe here:
http://www.zerohedge.com/article/hugh-hendry-warns-prepare-hyperinflation

"Hugh Hendry Warns To "Prepare For Hyperinflation"

Who rates the rating agencies? (Who checks the checker's checker....etc).

http://www.guardian.co.uk/business/2010/may/26/oecd-backs-coalition-spending-cuts

"UK must raise interest rates, warns OECD

Organisation for Economic Co-operation and Development, the Paris-based thinktank, says Bank of England must raise rates no later than last quarter of year"

[Larry Elliot, Wednesday 26 May 2010 17.39 BST ]

[...]

"In its half-yearly health check on the global economy, the Organisation for Economic Cooperation and Development (OECD) said Threadneedle Street should start lifting the interest rate from its emergency level of 0.5% in the second half of the year.

However, a positive update from the Paris-based body on the outlook for economic growth helped global markets rebound from losses earlier in the week. The FTSE 100 ended nearly 2% higher at 5038.08, recovering the bulk of Tuesday's 2.5% drop, while Wall Street was about 50 points higher in early trading. France's CAC 40 added more than 2% and Germany's DAX rose 1.5%.

The OECD also said the Bank should simultaneously start to withdraw the 200bn of quantitative easing the electronic money pumped into the economy in a bid to lift it out of its worst postwar recession."

[...]

"The OECD said a more rapid attack by the coalition government on Britain's record peacetime budget deficit would allow interest rates to be raised more gradually.

The thinktank gave strong backing to the government's fast-track approach to repairing the hole in the public finances left by the recession, noting that further fiscal consolidation was essential.

It added, however, that the slow pace of Britain's recovery meant the Conservative-Lib Dem coalition should be wary of administering too much pain now."

[...]

"The economic outlook said growth in the 30 OECD nations would hit 2.7% this year and 2.8% next year. That compares with forecasts last November of 1.9% for this year and 2.5% next. Growth in the US is predicted to be 3.2% in both years, but the crisis-hit eurozone is expected to expand by just 1.2% this year and 1.8% next.

The OECD said it could not rule out a "boom-bust" in emerging markets such as China and India, with knock-on effects on other regions. Strong growth in emerging markets meant the global economy would expand by 4.6% this year and 4.5% next year.

"Instability in sovereign debt markets poses another serious risk. It has highlighted the need for the euro area to strengthen its institutional and operational architecture," the OECD said."

[...]