UK pound sterling to depreciate the most in the next two years
On reflection the British pound sterling is probably going to lose the most value in the next two years. That is because the UK has the highest debts of any major economy, according to a…
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Cracks are already showing in global financial markets
It does not take much to see beneath the thin charade of the New Year rally to see ominous signs of far more difficult days to come, with a banking crisis in the eurozone the…
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How much longer will the US dollar be the global reserve currency?
To replace the US dollar as the global reserve currency there has to be a credible alternative. At the moment no contender exists with the barely a decade-old euro showing signs of falling apart rather…
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What’s the safest investment: gold bullion, US treasuries or a Picasso?
Deciding the relative merits of different assets can provide quite an insight into what is presently driving investment markets. It is also a somewhat different approach to the news focus that ArabianMoney generally offers its…
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Five-month high for US stocks a market top?
US stocks hit a five-month high yesterday but without great euphoria among investors, despite a poor result from Alcoa, the first major to report. In China a shrinking of imports and exports was read as…
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Eurozone crisis ‘more dangerous’ than 2008 warns George Soros
George Soros, the multi-billionaire hedge fund manager who broke the Bank of England in the early 90s is warning that the current eurozone sovereign debt crisis is ‘more dangerous’ than the crisis of late 2008…
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Pimco CEO Mohamed El-Erian says QE3 is not going to work
Pimco CEO Mohamed El-Erian spoke with Bloomberg Television’s Betty Liu, Dominic Chu and Michael McKee about Europe’s crisis, the US economy and where to invest safely in this environment.
El-Erian said that the Fed ‘doesn’t…
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Alcoa’a profit plunge leaves Wall Street unsure where to jump
The 2012 earnings season got off to a miserable start with aluminium giant Alcoa posting a $191 million fourth quarter loss, the first sign that the eurozone crisis is beginning to impact on the profits…
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Are we heading into higher interest rates and higher inflation?
If you live in a US dollar-pegged region like the Gulf States then interest rates have been relatively low for savers and moderate for borrowers. There have not been the ultra-low mortgage rates or the…
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Echoes of 2008 become deafening as credit crunch bites
History never exactly repeats itself but things are seldom much different this time.
As we start 2012 there is a strange sense of deja-vu as we relive the events that pulled the world into the…
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