Louise Cooper: UK isn’t strong enough to indulge Carney’s ego
It is an indicator of my age that Sade’s Smooth Operator sprung to mind after watching the new Governor of the Bank of England — Canadian Mark Carney — perform last week. He was polished, slick and...
View ArticleLouise Cooper: Why pound debasement won’t solve industrial malaise
This is my second post for ForexLive and I fear that my cultural references are already giving my age away… Sade last week, today the 1983 film that kicked off Tom Cruise’s career – Risky Business –...
View ArticleLouise Cooper: Twitter and the Bank of England drag central banking into the...
Has the term “twitter row” been incorporated into the Oxford English Dictionary yet? Because it should be. From Chris Brown’s argument with the comic Jenny Johnson to Piers Morgan and his endless rows...
View ArticleNot on bank bonus day they won’t: An Insider’s Tale from Louise Cooper
Matthew 5:5 “Blessed are the meek: for they shall inherit the earth” This week, the European Union decided to cap bank bonuses. Being an alumni of the biggest payer of all – Goldman Sachs – I thought I...
View ArticleLouise Cooper: Hey George, be bold and let businesses do the heavy budget...
Louise Cooper offers her advice and yours on how George Osborne can cut the UK deficit and salvage the economy. George Osborne should take note of the lyrics of this 1983 hit. He needs to tempt...
View ArticleGoldman Sachs’ Jim O’Neill: China’s economy builds a Cyprus every week
ForexLive’s Louise Cooper sits down with the BRICmaker and puts the most-important global trend in perspective. He may only have five weeks left as Chairman of Goldman Sachs Asset Management but Jim...
View ArticleTop Greek statistician persecuted for telling the truth
Greece’s top statistician, Andreas Georgiou, is awaiting questioning by an interrogator magistrate to determine if he is to face criminal charges and a possible jail term. It is thought, but still...
View ArticleEurope needs a Hank (preferably on both knees in front of Merkel)
The image of one of the “Masters of the Universe”, the former boss of Goldman Sachs, Hank Paulson, getting down on one knee to beg Democrat Nancy Pelosi, to approve TARP, is one of the most memorable...
View ArticlePut economics back in the philosophy department
Economics has been moved to the mathematics department but belongs in philosophy. In mathematics, equations must be proven – there is a solution, a final answer. Pie doesn’t change depending on the...
View ArticleIt’s time to break one of the golden rules of trading
The Gods of this crisis have been the central bankers, stepping in with their trillions of acronym-laden largesse. But I hypothesise that they are losing their power, even if markets are still scared...
View ArticleWhat Warren Buffett’s windshield sees for the economy
“In the business world, the rearview mirror is always clearer than the windshield” – Warren Buffett The US stock market is at record highs, European markets are around five-year highs and the Japanese...
View ArticleThe UK economy is edging toward a turning point, unless it has already turned
British Chancellor Norman Lamont famously spoke of the “green shoots” of economic recovery in October 1991. At the time he was widely criticised for being out of touch with the electorate’s...
View ArticleLouise Cooper: Don’t stay with the herd, stray from the herd
The great wildebeest migration through the plains of Africa is one of the natural wonders of the world. More than two million animals join together and flee from the Serengeti to the Maasai Mara...
View ArticleThe Fed has begun to tighten, what`s next for markets?
Lessons from past Federal Reserve tightening cycles Since Ben Bernanke’s warning this week that QE will “taper”, markets have taken fright. The S&P500 lost 3.5% from highs Wednesday to close on...
View ArticleCentral bank volatility tells us the end (of low rates) is near
Most commentary and media coverage refers to the three main markets of bonds, equities and FX. And yet there are many other markets which deserve our attention. Unfortunately they are often ignored but...
View ArticleCarney playing a dangerous game to get the Conservatives re-elected
No matter what the ECB and BOE said this week, the bond bear market is still dominating my thoughts. I do not believe that in the UK at least, we are Turning Japanese, with deflation and zero interest...
View ArticleFed adds to the volatility with taper talk but China holds the interest rate...
Last week US Vice-President Joe Biden met with Chinese Vice Premier Wang Yang to discuss trade and investment. As expected the Americans had a long list of demands: greater access to Chinese markets,...
View ArticleCentral bankers rule the FX world (as well as all others)
It is the central bankers who have become all powerful in this crisis. Politicians lack the ability to do much with fiscal policy, and the need to appease voters makes structural reform difficult. Thus...
View ArticleUK and European financials pointing to a fresh start in the economy
“RBS’s journey from a Bust Bank to a Normal Bank is largely done” – Stephen Hester outgoing boss of RBS on Friday This week marked a turning point in the health of the British banking industry. There...
View ArticleCarney trying to win hearts but he’s courting inflation
With his rock star good looks and his PR brilliance Carney has already shown he is a smooth operator. On his first day he arrived at Threadneedle Street by public transport rather than the chauffeured...
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