Too weak for a liquidity injection.

The Banker (The Bracken column), 1st February 2007 There is a high risk that the next recession will be severe, either by being prolonged or by being unusually deep. The fundamental problem is that asset prices have risen to such high levels relative to incomes. This...

Revised Data Show Their Weakness

The Nikkei Financial Daily (Market Eye Column)., 25th December 2006 Substantial revisions to Japan’s GDP data were published on 8th December, 2006; they show that the economy grew even more slowly than was previously feared, and this applies to any time period chosen...

China World Profits and World Inflation

Martin Wolf’s FT Economist’s Forum, 18th October 2006 China World Profits and World Inflation. The impact of China on world inflation and profits are so important that it calls for a response to Martin’s views set out in his website comment of 18th October...