When the first oil crisis hit in 1973/1974, I remember the consternation it caused among economists. Was the price rise inflationary or deflationary? the debate raged. But the answer was disturbingly simple. Both. It was inflationary of the price level and deflationary of real demand. The economic newsflow was thick and fast last week. Ongoing commodity price jitters combined with renewed fears of another eurozone default – this time in Spain, the currency union's fourth biggest economy. The Continent’s economies face a common problem, and drastic action is needed, writes Jeremy Warner. It makes sense for employers to fund students and choose the best of the bunch, arguesJeff Randall.Middle East deserts hold seeds of a double-dip recession
History's lesson is that investment and retail banking must be separate
A harsh message about Europe's future
UK's wanton destruction of the City
Paying for young boffins isn't rocket science
Sunday, 13 March 2011
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