September 09, 2013

Bank of England's Paul Fisher says may hold off on more QE: Report

LONDON: A Bank of England policymaker who has been one of its biggest proponents of more bond buying said in an interview on Sunday that the bank could hold off from pumping more money into the economy if its new forward guidance plan works.

September 08, 2013

September 07, 2013

The Global Inflation Wave: Waiting for Constantine?


Source: The Globalist
Alexander Mirtchev and Norman Bailey,

In the wake of the global economic crisis, the world is trying to chart an economic path to the future and find a "new normal." As Alexander Mirtchev and Norman A. Bailey explain in the first installment in their series "The Search for a New Global Equilibrium," inflation as a factor of global economic security has the innate capacity to upend carefully laid plans and further upset the equilibrium.

ECB 'very cautious' about eurozone recovery

European Central Bank chief Mario Draghi on Thursday sought to temper hopes that the eurozone was about to rebound strongly, insisting that the nascent recovery remains extremely fragile.

September 06, 2013

Lunch hour in Italy serves up some sour economic lessons

ROME (Reuters) - Of all the statistics available on Italy and its varied economic problems, few are as eye-opening as the fact that at around 1 p.m on any given day, three quarters of the population will normally be sitting down to lunch in their own homes.