According to today’s figures from the Office for National Statistics (ONS), the UK economy only grew by 0.5 percent between January and March 2011. But apparently this wasn’t too much of a surprise and is pretty similar to what happened during 2010’s last quarter, which was blamed on poor weather conditions. But in terms of… Continue Reading
Watch Out for Interest Rates Oh no. They’re at it again. We’re trying to recover from the global economic crisis and it seems the centralized banks can’t leave well enough alone. At least that is what the average man in the street is going to think when interest rates are increased by the European Central… Continue Reading
It looks like the world is about to get another hedge fund. World renowned foreign exchange strategist Stephen Jen has left Morgan Stanley and is heading out to launch his very own hedge fund, SLI Macro Partners which has already set up a temporary office in the very exclusive Mayfair, London and will also be… Continue Reading
Oil prices rose; Britain’s benchmark stock index plummeted as Muammar Gaddafi “tightened his grip on Tripoli,” yet failing to exert that control over eastern Libya. The premier’s loyal security forces allegedly forced protestors out of the capital’s streets which was undergoing major chaos as close to 300 civilians have been killed according to a Human… Continue Reading
Higher income consumers have expressed greater optimism about their financial future but their lower income counterparts are still struggling. It is the goal of America’s retailers to attract both sectors to their holiday sale season, which begins on “Black Friday,” the day after Thanksgiving, this week. “It’s critical to get off to a good start… Continue Reading