Britain

I want to briefly reiterate the theme of an October post on Britain's role in Europe because of a speech the Prime Minister David Cameron made earlier today. Cameron, in a major speech in London, promised that if his party wins the next…

In the past year, I have increasingly turned away from the US housing market to stress the difficulties now besetting other global housing markets because there have been large house price appreciations (and some declines) elsewhere in…

I am not going to do justice to the monumental change the Fed just instituted with the FOMC's policy statement yesterday but I am going to take a first stab at it here in this daily with a number of articles below to follow. Here's the crux…

The theme I highlighted in the daily post on Friday seems to be everywhere today, namely the United States of Europe and Britain's inability to go along with such a concept. Angela Merkel keeps telling us she wants "more Europe". And of…

Early today, I wrote a fairly upbeat piece on the European sovereign debt crisis for gold members. The overall gist here is that fiscal union is now coming. And while it remains to be seen who will be a part of that union, the implication…

By Marc Chandler The US dollar is going into month and quarter end on a soft note.  The greenback had been generally firm against most of the major foreign currencies, but the Japanese yen, since around mid-month, but the news stream…

The lead article in today's links is from Seumas Milne in the Guardian on George Osborne's failure to deliver on his promises as UK Chancellor of the Exchequer. If you recall, the platform that Osborne championed was one of voluntary cuts…

The data pointing to the synchronised global slowdown continues. This time we have a string of data from the United States, the United Kingdom, India and China telling us that the economy is not doing well. Here I am leaving Europe aside.…

The latest economic data suggest that the slowdown in growth continues to build across many different economies globally. In the UK, revised data from Q4 2011 show that Britain;s recession has been deeper than was previously…

The big news in the US today was the Federal Reserve's Open Market Committee's decision to extend its simultaneous purchase of longer-dated Treasuries and sale of shorter-dated ones. This effort, dubbed Operation Twist, was set to expire at…