Britain Flirts With Triple-Dip Recession Scenario
Triple dip? No, it’s not a fancy ice cream cone, but the situation Britain found itself facing in late January. The tight purse strings of a failed austerity program in the U.K. have caused the British economy to flirt with a triple-dip recession.
Roubini: Sequester Could Mean Another Downgrade
Perma-pessimist Nouriel Roubini says that despite efforts to downplay the effects of the coming automatic spending cuts, the impact will be significant.
BRIC Inventor O’Neill Checks Out Early From Goldman Sachs
O'Neill, who coined the term 'BRIC' to describe the emerging-markets juggernaut of Brazil, Russia, India and China, surprised the asset management world with his early retirement.
Sallie Krawcheck: Top 10 Reasons It’s Bad to Pay Bankers in Stock
Krawcheck says it’s time for large banks’ boards to come up with new payment strategies for executives, such as bonds, “which are fundamentally risk-discouraging.”
Roubini: Five Economic Risks for 2013
Nouriel Roubini expects a "multi-speed recovery" with “painful deleveraging” in most developed economies, he wrote in a Project Syndicate article.
Pru’s 2013 Predictions: Brighter Economy, but More Washington Brinksmanship
Prudential brain trust sees economic progress in 2013, despite 2012 “dichotomy” and uncertainty; Krosby reiterates it’s riskier to be out of the market than in it.
U.K. Retail Sales Down More Than Expected
Bank of England Gov. Mervyn King said the Monetary Policy Council had not completely ruled out an additional round of QE in the future, should it be necessary, to boost growth.
Gold to Soar: Deutsche Bank
Gold is destined for another increase, according to the head of metals trading at Deutsche Bank. In fact, it’s set to jump above $2,000 as governments use stimulus to counter any slowing in economic recovery.
BoE Holds Off on QE
The Bank of England (BoE) held off at its latest meeting on pouring additional funds into the British economy, opting instead to rely on a new lending scheme devised by the bank as concern over inflation grew.
Tough Talk in U.K. on Banks, Starbucks Taxes
The U.K. was sounding a note of authority with assertions that banks should be compelled to hold a certain amount of capital and threats of an investigation into Starbucks’ tax affairs.