As just about anyone with even a passing interest in economic news is aware, most of the growth across the world’s economies is occurring in emerging markets. While the World Bank expects the U.S. to grow at between two and three percent over the next few years, and Europe at less than two percent, it [...]
As just about anyone with even a passing interest in economic news is aware, most of the growth across the world’s economies is occurring in emerging markets. While the World Bank expects the U.S. to grow at between two and three percent over the next few years, and Europe at less than two percent, it [...]
Sir Mervyn King, Governor of the Bank of England, must have made a new year’s resolution to be less gloomy. “There is no reason to despair… All crises come to an end,” he told an audience in Brighton yesterday, at the same time as warning that the recovery will be “arduous, long and uneven” and [...]
In recent weeks, EU negotiators have churned out euro treaty drafts like hot cakes. The new euro deal – the so-called fiscal compact – was meant to inject a proper dose of fiscal discipline into the eurozone, but faithful to their habit, EU leaders raised expectations at a summit in December, only to backtrack on [...]
Suppose that I buy insurance against my house being burned down, and my house burns down. Should the insurance pay out? Maybe yes, maybe no. The simplest “no” case would be if I had volunteered to have my house burned down – say, had asked the arsonist to burn it. So if I purchase house [...]
As just about anyone with even a passing interest in economic news is aware, most of the growth across the world’s economies is occurring in emerging markets. While the World Bank expects the U.S. to grow at between two and three percent over the next few years, and Europe at less than two percent, it [...]
