UK regulator says satisfied with Lloyds, RBS capital plans http://t.co/FtEF89krAX
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Archive for October, 2008
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Spain’s Economy Peers Out Over The Precipice: The Abyss Lies Below
The condition of Spain’s economy is deteriorating markedly and rapidly by the month. Output is down, domestic demand is down, exports are struggling, and unemployment is up. The tumultuous events of late August and early September in the global financial markets are now evidently making their presence steadily felt on the real economy. And since [...]
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INSEE Signal Recession In The French Economy
Well, according to the latest estimate from France’s national statistics office INSEE, the French economy contracted in Q3 2008, if that is the case I am left asking myself which of the big four eurozone economies could possibly be expected to have expanded in the July to September period. Certainly not the Spanish one, which [...]
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Brazil’s Economy Enters The Eye Of The Storm
Brazil is in the middle of a storm at the moment, there can be no doubt about that. But the important point to note is that this storm is not of Brazil’s making. The shock waves which are currently traversing all of Brazil’s financial and banking institutions (as well as its real economy) are a [...]
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As Europe’s Banks Falter, Is There A Risk To The Eurozone?
“We do not have a federal budget, so the idea that we could do the same as what is done on the other side of the Atlantic doesn’t fit with the political structure of Europe,” Jean-Claude Trichet, commenting last week on the Eupean “summit” in Paris last Saturday “If you concentrate on California or Florida, [...]
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India’s Ship IS Battered By The Global Storm, But She Will Survive!
India is in the middle of a storm at the moment, there can be no doubt about that. But the important point to note is that this storm is not of India’s making. The financial turmoil in a number of key developed economies, and above all the United States, is sending shock waves across the [...]
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Russia’s Crisis Spreads Right Across The Domestic Credit Market
Well the action in Russia this week has moved on slightly, and the damage has started to spread from pressure on the domestic stock market (accompanied by capital flight) to the real economy – via a very rapid tightening in credit conditions for Russian domestic users. We are also seeing a rapid slowdown in Russian [...]
