Sunday, 24 October 2010







Pound forecast to tumble on 'insane' spending cuts

The pound is set to tumble, a leading currency trader has predicted,

because of "absolutely insane" spending cuts.

G20 reaches agreement and vows to avoid currency war

G20 finance ministers promise to refrain from “competitive devaluation” of

their currencies, heading o




UK will be in big trouble if the private sector can't grow



The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handle the consequences of such a wrenching adjustment. There is not enough demand to go around.

Ireland must honour its debts, says business boss



Comment

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Currency wars are necessary if all else fails

The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handle the consequences of such a wrenching adjustment. There is not enough demand to go around.

Let's remind Ed where the deficit came from

Public spending increased by 50 per cent in real terms under Labour, says Jeff Randall.