Britain

David Rosenberg takes on the sovereign debt issue in his latest commentary, highlighting the structural deficits in the U.S. and the U.K. They are actually higher than in Spain or Greece. Greece here, Portugal there. Did you know that…

Nationwide released it’s monthly house price survey, and it showed the first month-to-month fall in UK house prices since last Spring. However, house prices are still up 9.2% year-on-year according to their survey. Martin Gahbauer,…

Double-dip recession may not be far off | Business | guardian.co.uk With All Due Respect, Arnold Kling | EconLog Six in 10 Underemployed Not Hopeful About Finding Work - Gallup Bank Profit Mirage Redux - Annaly Salvos Night of the…

The Woman Behind Greece's Debt Deal - WSJ.com Bailout Anger Hurts Geithner's Public Image, Effectiveness - WSJ.com BBC News - Judge backs Bank of America's Merrill Lynch deal fine Porsche May Struggle to Comply With U.S. Fuel…

The great Lebanese poet Kahlil Gibran once wrote that sometimes the mountain is clearer from the plane than the summit.  This insight may be applied to the foreign exchange market.   Currencies in the modern era, not backed…

According to data released today by the Halifax, UK house prices are now up almost 10% above the levels of just 9 months ago.  Low interest rates have certainly been a big factor in the rise, with Nationwide’s figure showing an even…

Cynical? Yes. Spot on? Of course. This is what happens when government stops trying to defend consumer interests for the benefit of business interests. Source 'I'm going to shop around and find a rip-off bank that works for me' –…

Last night on CBS’ 60 Minutes, President Obama attacked Wall Street as “fat cats,” saying he was not elected merely for their sake. Obviously, the President is now keenly aware of how his political capital is being lost due to the bailout…

This December 2009 post is a reminder of the issues at stake with Greece. It is not credible for the EU to lend psychological and political support given the debt loads now burdening the Greek government. More is needed, either financial…

The following is a re-print of the latest monthly newsletter from Niels Jensen of Absolute Return Partners, published with the express permission of the author. Visit www.arpllp.com to learn more about Absolute Return Partners.  You…