Sir Mervyn King has always been wonderfully pithy in his analysis of complex economic situations. But he surpassed himself at today’s Bank of England Inflation Report press conference. The eurozone is “tearing itself apart”, he said. In three little words, he summed up Europe’s crisis as well as anyone. As for blame, he took a [...]
Apparently something terrible happens when we get to peak oil. I’ve never really quite understood the argument myself, but when we’ve used half of all the oil then civilisation collapses or something. I’m not sure why this should happen: we don’t start starving when there’s only half a loaf of bread left. But I am [...]
Sir Mervyn King has always been wonderfully pithy in his analysis of complex economic situations. But he surpassed himself at today’s Bank of England Inflation Report press conference. The eurozone is “tearing itself apart”, he said. In three little words, he summed up Europe’s crisis as well as anyone. As for blame, he took a [...]
Apparently something terrible happens when we get to peak oil. I’ve never really quite understood the argument myself, but when we’ve used half of all the oil then civilisation collapses or something. I’m not sure why this should happen: we don’t start starving when there’s only half a loaf of bread left. But I am [...]
Sir Mervyn King has always been wonderfully pithy in his analysis of complex economic situations. But he surpassed himself at today’s Bank of England Inflation Report press conference. The eurozone is “tearing itself apart”, he said. In three little words, he summed up Europe’s crisis as well as anyone. As for blame, he took a [...]
With Greece unable to form a government and therefore now set on new elections, how’s this going to pan out? Very badly, is the almost certain answer. Let’s look first at the now odds on possibility of a Greek exit. The outcome of the last election was basically just a protest vote – the Greeks [...]
