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European Central Bank turns 10, but next decade looks grim

“Before the string section pipes up, we recommend that the party organisers have a think about sticking a cork in the trombones. The second ten years are going to be a lot less triumphant than the first ten.” — Jody Clarke by Jody Clarke Baltimore – (TFN): It’s the European [...]

Foreign Investment: Iceland’s krona hits the skids

“Banks all over the world have spent much of the few years bingeing on cheap money, but Iceland’s taken the whole thing to quite an extreme. Its big players – the likes of Landsbanki and Kaupthing – have been on an extraordinary borrowing spree, sucking in vast quantities of cash to fund lending and acquisitions [...]

Interest Rates and Inflation: Damned if you do, damned if you don’t

“According to Bank of England governor King, inflation isn’t such a big threat after all. In fact, he seems to think that interest rates could be cut comfortably from 5.75% to 5% without letting inflation get out of control. Based on those comments, most experts think cuts will come in the New Year.” — Jody [...]

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