Germany’s worrying introspection

I have spent most of the past week in Germany, meeting fund managers, catching up with colleagues and generally trying to avoid real work. And while there is more than an element of glad-handing on these trips, they also present a chance to find out what is really happening on the ground.

Economics comment on Sir Mervyn King's Final Speech

John Clarke, Chief Investment Officer at GHC Capital Markets, comments on Sir Mervyn King’s last meeting as Governor of the Bank of England and Chairman of the MPC

"We’re Wedded to Wellbeing”: why the real economic innovation is being driven by communities

On a cold winter’s morning in early 2013, I stood on the roof of a tower block in Brixton, London, in the company of Agamemnon Otero, one of the founders

Hollande is living on another planet

Sometimes I feel sorry for politicians. I have met a few in my time, and while there are many who are out to grease their own palms, others genuinely do have principles and try to do the best for the people and the ideas they represent.

Never trust a Bilderberg politician

Never trust a Bilderberg politician or the parties they represent. Why? because they do not represent you in any way, shape or form.

One survey does not make a summer

After three grinding years of austerity, pretty much zero economic growth, cuts in workers’ spending power and the growing realisation that unemployment figures probably understate the weakness in the labour market,

Europe isn’t the only place with troubles

Over the past few years, it has been difficult to think of any soap-opera with the same drama and impact as the euro area debt crisis. Every time policymakers think that they’ve done enough, up pops another emergency to bite them in the posterior.

UK inflation is the exception

Today’s latest inflation figures confirmed what many people already knew: the cost of living is still rising at a faster pace than the Bank of England’s 2% target. CPI inflation may have eased back to 2.4% in the twelve months to April, but it has now been above target since November 2009.

Spain and Italy struggling for air

The recent calm in financial markets since the Cypriot bailout has bought more time for euro area governments under pressure. True, it has been far from completely plain sailing

Are markets being irrational about Europe?

One of the striking features of the European economy, since the start of this year, has been the dislocation between financial markets and the real economy. For all that they give misleading signals, the Purchasing Managers’ Indices (PMIs) suggest that euro area countries have remained firmly in recession so far this year,

Going Nowhere Fast

At long last, things seem to be slowly changing in Europe. Having endured years of German-led austerity, the new Italian Government has signalled its desire to shift away from cutting spending towards generating growth and jobs. In French President Hollande, the Italians have a ready-made ally,

Mervyn Fails Again

This morning, the Bank of England and the Treasury announced an extension to the flagship 'Funding for Lending' Scheme (FLS). The FLS will now be extended by one year until January 2015, and will cover lending to certain non-bank credit providers in addition to banks.