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Are we suffering from Irrational Exuberance and should the punch-bowl be taken away?
Yesterday I looked at the new Chair of the US Federal Reserve Kevin Warsh and the way he was appointed to cut interest-rates. The day before it was Bank of England Governor Andrew Bailey who on his track record  so …

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Where next for US interest-rates and the Federal Reserve?
The US central bank or Federal Reserve has a lot of roles in the world monetary system and a major one is the way that the interest-rate it sets is a driver for changes elsewhere. Or as the Shangri-;Las put … Contin...

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Bank of England Governor Andrew Bailey has no intention of raising UK interest-rates
Over the past few days the Governor of the Bank of England has been making his views known. At the end of last week he flew to Reykjavík and gave a speech. Forst he reminded everyone that last year he …

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How long can China continue its export strategy?
It is time again to look East and we can start with China having some food for thought about its export drive. Chinese researchers and policy advisers are calling for targeted cuts to export tax rebates after the country’s trade …

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Is France now in an economic recession?
This morning has brought some economic news from France that will attract attention. The GDP growth forecast for the first quarter of 2026 has been revised downward by 0.1 percentage point (after rounding) compared to the initial estimate published on …

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