The survey consensus is that the ECB will cut by 50 basis points tomorrow – we took the conservative route of 25bp – in any case, Euroland is weakening and some economists have spoken of Euro parity with the US Dollar Patricia Lifson at PNC Bank said the market was coming to the realization that [...]
Archive for the ‘News’ Category
Euro | US Budget – Out of Control
Posted in Commentary, News, tagged Euro, GDP USA, USA Budget on 14, January 2009 | Leave a Comment »
Shipping / Trade Collapse
Posted in Commentary, News, tagged Global Economy on 14, January 2009 | Leave a Comment »
Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October. By Ambrose Evans-Pritchard, International Business Editor Last Updated: 3:39PM GMT 14 Jan 2009 The cost of shipping goods from Asia to Europe [...]
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