After All is Said and Done, Euro Ekes Out Modest Gain

After last week’s talk of the need for and the subsequentannouncement last week-end of a rescue plan for Greece, the Euro failed to holdon to its early gains and succumbed to speculation that the aid wasn’t enoughonly to finish slightly […]

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Economics Weekly by Lloyds TSB

There is little doubt that 20 years of ever rising leverage is now over. The period of rising debt was characterised by an increase in the frequency, and

(Un)Intended Consequences: Uncertainty, Inflation & Inflexibility

Present policies may be sowing the seeds for the next financial crisis. Despite recent market optimism, we believe present interventions could produce significant future adverse and unintended consequences.