War Plans: United States and Iran - November 2, 2007 9:50

A possible U.S. attack against Iran has been a hot topic in the news for many months now. In some quarters it has become an article of faith that the Bush administration intends to order such an attack before it leaves office.

What Do Paulson, Bernanke and Greenspan Have in Common? - October 29, 2007 10:07

Firstly, before we get into this letter, a quick explanation of the new format.

Sub-Prime? So Over! Part II - October 25, 2007 12:58

ON AUGUST 8th THIS YEAR, just one day before the sudden and savage “credit crunch” that Alan Greenspan – former head of the US Federal Reserve – now says was “an accident waiting to happen”,

The GDP Equation - October 15, 2007 10:38

A recession is technically defined as two consecutive quarters of negative growth in the Gross Domestic Product (GDP).

The Slow Motion Recession - October 8, 2007 9:12

The market certainly seemed pleased with the new jobs number. The glass is more than half full – or is it?

Using Commodity Prices as an Inflation Calculator - October 1, 2007 9:38

Consumer Price Inflation has finally arrived and Gold will have its day in the sun yet. Not a day goes by without another financial institution getting bailed out.

The gold price is being driven by macro-economics and currencies. - September 28, 2007 19:29

We mentioned briefly in the market section at the start of this issue that there has been a change of tides, and possibly a change as fundamental as a change of current.

Here Comes A Whale - September 18, 2007 9:59

For almost a year now, we have been driving our clients crazy with Charles’s tired old metaphor about the global liquidity contraction, in which the central banks keep throwing in sticks of dynamite until the ocean finally disgorges a huge dead whale.

Britain’s Bank Run Coming to Main Street Soon? - September 14, 2007 21:55

On Wednesday this week the UK mortgage bank Northern Rock ran a banner advertisement across the bottom of The Daily Telegraph‘s front page.