What if Germany were forced out of the euro?

by Anthony Harrington The Summit of European leaders on Thursday and Friday 28th and 29th of June takes place against a backdrop of German intransigence to the one idea that France, Italy and Spain, and probably Portugal, Greece and Ireland as well, feel can save the EU, namely joint guarantees for euro bonds. Germany is […]

2 July 2012 by The Harried House Hunter

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Is alienation the answer?

Capitalism makes it possible to exchange anything for virtually anything else.  All objects become commodities with cash values.  But people get attached to things. Caring more about the personal meaning of their possessions – or their beauty or uniqueness — investors easily lose the flexibility they need to safeguard their monetary value.  One can argue […]

2 July 2012 by The Harried House Hunter

Investing

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Of Euro summitry, a surge in the oil price and the prospect of more Quantitative Easing in the UK

I thought that I would set the scene for this week as I will be away in (hopefully) sunny Italy and will not be providing my usual daily updates. Apart from enjoying a break it will be interesting to see what the situation and atmosphere is there. As it is in the Euro zone I […]

1 July 2012 by The Harried House Hunter

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Debate on commodities speculation turns ugly

A row is building in Europe about whether commodities speculation is good or bad for the economy. In the blue corner the Nice-based Edhec-Risk Institute, which is closely aligned to the  asset management sector and is responsible for a number of indices of risk and investment performance. In the red corner is Finance Watch, a […]

29 June 2012 by The Harried House Hunter

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Eurozone money numbers: some improvement but not enough

Better Eurozone money supply numbers for May hold out hope of a stabilisation in region-wide economic activity later in 2012. The core / periphery split, however, remains unfavourable, implying no end to recessions in the latter grouping. Commentary on today’s statistics may focus on a further fall in private sector loans in May but credit […]

29 June 2012 by The Harried House Hunter

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The Europhoria after last nights Euro summit looks overdone to me

Overnight we have seen yet another claimed deal to save the Euro made just in time for Italian Prime Minister Mario Monti’s “We have a week to save the Euro” deadline. Expectations were not high before the summit at least partly perhaps because it was as Paul Hardcastle put it number. Nininini Nineteen, 19, Ni-nineteen […]

29 June 2012 by The Harried House Hunter

Expert Opinion

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UK 2008-09 GDP decline revised down

Annual revisions and methodological changes have resulted in the Office for National Statistics cutting its estimate of the fall in GDP during the 2008-09 recession (i.e. between the first quarter of 2008 and the second quarter of 2009) from 7.1% to 6.3%. Embarrassingly, this almost exactly reverses an upward revision to the peak-to-trough decline – […]

28 June 2012 by The Harried House Hunter

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Gossip: the unregulated market in information

Is there anything good about it? Gossip has a bad name, as does rumor, innuendo, leaks and many of the other quick and dirty ways we have of disseminating information.  We reject the idea of gossip because it is irresponsible.  But that’s just another way of saying that it is not subject to the usual […]

28 June 2012 by The Harried House Hunter

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