Britain

The ball got rolling in Asia as China's official manufacturing PMI eased to 50.1 from 50.4 in January. The details were poor, even if not that surprising after the HSBC measure. New orders fell to 50.1 from 51.6 and new export orders fell…

For domestic investors, the safe haven asset class are government liabilities if the government has substantially all liabilities in the currency it creates. For foreign investors, like domestic investors, you want to protect against…

So what is a safe haven you might ask? Well I certainly don't have the final answer, but I would suppose it should as many as the following characteristics as possible.

Here are 10 items that investors will be watching this week.

Moody's took away the UK's triple A rating late Friday. A ratings downgrade has long been rumored, and although the timing is always surprising, the move itself has long been anticipated. Sterling slumped on the news in thin dealings,…

downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa. The outlook on the ratings is now stable.

Serious technical damage on the foreign currencies is being inflicted. The euro is falling through the uptrend drawn off last July (Draghi-induced) lows. It comes in just below $1.3200 today. The next technical target is near…

The lessons for China, if I am right, are that China should forego the idea of nurturing national champions and should instead encourage brutal domestic competition. Beijing should also eliminate subsidies to production, the most important…

Sterling is has eclipsed the yen as the main focus in the foreign exchange market. The surprising news that has kicked it to fresh multi-month low was that the BOE is closer to easing policy than has been suspected. While it was a unanimous…

In the links this morning, I linked to a Handelsblatt interview with the head of Austria's social democratic EU parliamentarians. The overall gist of his comments were that he believed the EU budget was 'catastrophic' because it was in…