David Rosenberg explains away rogue ISM number
Top economist David Rosenberg was quick to explain away the rogue Institute for Supply Management number that sent US stocks sharply higher yesterday. Of course all eyes will be on the non-farm payrolls data tomorrow…
Read more »
48-hours in Amsterdam
With the new daily Emirates flight from Dubai, Amsterdam is the hottest new destination for traveler from the Middle East this autumn. This is a city with many attractions from the gaudy nightlife of the…
Read more »
First time buyers desert UK house market
Any market that loses its first time buyers is in trouble. But that is what has happened in UK housing this summer. I was relieved to hear my niece Caroline and her finance Jamues have…
Read more »
One last rally for the bond bubble?
Poor old James Bond cannot get the money together to make another movie. Mr Bond is having a tough recession. It has been far better for another Mr Bond, the global bond markets, the largest…
Read more »
Top-end UK house prices start to crash
Far from being immune to recession it is the top-end UK houses that are suffering most as the second wave of the UK house price downturn begins.
Estate agents report that high street banks are…
Read more »
Hotel Review: JW Marriott, Grosvenor House, London
The super position of this 1929-vintage luxury hotel overlooking Hyde Park is just one reason for its enduring appeal to visitors from Arabia. A couple of decades ago this correspondent wrote the diary item about…
Read more »
Third Hindenburg Omen despite Friday’s rally
US stocks rallied on Friday thanks to weasel words from Fed chairman Ben Bernanke after a dismal week with a dip below 10,000 on the Dow. The S&P 500 ended lower for the third week…
Read more »
