Morgan Stanley (among many others) have been busy cutting their 2004 and 2005 growth outooks. With Oil prices continuosly hitting new highs this all has some sort of inevitability about it. Whilst it is probable that the slowdown in growth will bring oil back from its current peaks, MS estimate that “the new equilibrium for [...]

My out-of-consensus speculation that the Bank of England’s round of interest rate rises may be pretty much done looks sounder by the day. There may be one more rate increase, but it wouldn’t surprise me at all if they were pretty much over with it, and even if the next move (the end of this [...]

Well I suppose it’s better to end the week on a bang rather than a whimper, so here I go with another of those posts. What really ended the week on a high note (or should I say a low one) was the US labour market. And since I am arguing that the euro-dollar parity [...]

EU unilaterally blocking Russia’s entry into the very very multilateral WTO.
How many poles is this multipolar thing going to have, anyway?
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Putin Doesn’t Like EU Terms for Entry
October 9, 2003
By Natalya Shurmina
YEKATERINBURG, Russia (Reuters) - President Vladimir Putin sharply
criticized European Union “bureaucrats” on Thursday for pressing the
country to raise domestic energy prices as a condition [...]