The Middle East continues to polarise along sectarian lines with Isis’s announcement of the establishment of a caliphate – or new Islamic State. The leadership of this organisation appears to be highly sophisticated and a lot…
February 2014
2013 turned out to be a remarkable year from the point of view of stock market recoveries. Nearly all markets rose, producing gains of between 20% and 30% in general: exceptional growth by any standard. January and February have, of course…
June 2013
The wild card in the world economy is Europe. One can be more sanguine about China as they have huge resource in both financial and, more importantly, senior government intellectual competence. The greatest worry for the rest of the year, and well into next year, will be the European experiment. Youth unemployment in southern Europe, in many areas…
February 2013
The pessimists are emphasising a lack of overall pick up in GDP. This makes for good press headlines and discussion for the pontificating pundits. The GDP is inevitably being depressed as the Government …