Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office. The black arts unit - officially the President's Working Group on Financial Markets - was created after the 1987 crash.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/07/ccview107.xml&CMP=ILC-mostviewedbox
Showing posts with label The Pound. Show all posts
Showing posts with label The Pound. Show all posts
Monday, 7 January 2008
Tuesday, 1 January 2008
Biggest drop for sterling since '92
Uh,Oh! Entirely predictable as the UK economy is actually worse and more vulnerable than the US's.
Biggest drop for sterling since '92By Edmund Conway, Economics Editor
Last Updated: 11:03pm GMT 31/12/2007
The pound suffered its weakest annual performance for 15 years in 2007, as markets bet that 2008 will be a miserable one for the British economy.
But despite the chaos caused by the credit squeeze, London's blue chip index the FTSE 100 has risen by 3.8pc since the start of 2007, along with a host of other equity markets around the world.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/01/cnecon101.xml&CMP=ILC-mostviewedbox
Biggest drop for sterling since '92By Edmund Conway, Economics Editor
Last Updated: 11:03pm GMT 31/12/2007
The pound suffered its weakest annual performance for 15 years in 2007, as markets bet that 2008 will be a miserable one for the British economy.
But despite the chaos caused by the credit squeeze, London's blue chip index the FTSE 100 has risen by 3.8pc since the start of 2007, along with a host of other equity markets around the world.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/01/cnecon101.xml&CMP=ILC-mostviewedbox
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