globaleconomicanalysis.blogspot.com - 1/22/2009
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The British Pound has imploded on fears of bank nationalization and Prime Minister Gordon Brown’s plan to give the Bank of England unprecedented powers to buy securities. This chart paints the not so pretty picture. British Pound vs. US$ Monthly Chart click on chart for sharper image That is ...
telegraph.co.uk - 1/20/2009
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telegraph.co.uk —
They don't know what they're doing, do they?
With every step taken by the Government as it
tries frantically to prop up the British banking system, this central truth becomes ever more obvious. Yesterday marked a new low for all involved, even by the ...
(more)
Gordon Brown brings Britain to the edge of bankruptcy
guardian.co.uk - 1/20/2009
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guardian.co.uk —
Sterling tumbled to its lowest level against the
dollar in seven-and-a-half years today, as traders digested the
implications of the government's latest multibillion-pound lifeline to support the banking sector . On the foreign exchange markets the ...
(more)
Pound hits seven-year low against dollar
ftalphaville.ft.com - 1/23/2009
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ftalphaville.ft.com —
The UK's in recession, and it's worse than
we thought. From Reuters: KEY FIGURES FOR PRELIMINARY Q4
GDP Q4 08: -1.5% QQ, -1.8 YY (FCAST -1.2% QQ, -1.4 YY Q3 08: UNCHANGED AT -0.6 QQ, 0.3 YY The quarterly figure is the biggest since Q2 1980, while ...
(more)
UK in recession, official
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Bear Mountain Bull —
... has clearly struck German Chancellor Angela Merkel. In the UK, Prime Minister Gordon Brown, Bank of England Governor Mervyn King, and the Chancellor of the Exchequer Alistair Darling, all seem to be in the late stages of FIV as noted in Pound Sinks As Britain Teeters On Edge Of Bankruptcy . Amongst world leaders there appears to be no immunity whatsoever against the ravages of FIV. And for all the talk of hyperinflation in the US, it appears that Bernanke is not doing much of anything that is not happening everywhere else too. This is precisely why it is highly unlikely the ...
Thursday links: bank mitosis
Abnormal Returns —
... and outs of building a “bad bank.” (Baseline Scenario)
The credit crunch showed up in the credit markets first, banks presently. (Alea)
Chapter 11 is now often leading to liquidation. (The Big Money)
Jim Rogers thinks the U.K. could go bankrupt. (The Independent via jdmarkman, also WSJ.com, Mish)
China’s growth rate fell hard, the ...
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BoE Governor: No More Stimulus
optionarmageddon.ml-implode.com 3/25/2009 —
Like his counterpart on this side of the Atlantic, UK Prime Minister Gordon Brown has called for massive stimulus from all governments in order to jump start the world economy. The Governor of the Bank of England took the unusual step of ...
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Operation QE begins
ftalphaville.ft.com 3/11/2009 — From Reuters.
BANK OF ENGLAND SAYS ALLOTS £1.999bn of £2bn GILT PURCHASES TO COMPETITIVE BIDS.
BANK OF ENGLAND SAYS TOTAL OFFERS RECEIVED £10.508bn.
BANK OF ENGLAND SAYS BUYS £339m of 5.0% 2014 GILT AT WEIGHTED AVERAGE PRICE OF 114.792.
BANK OF ENGLAND SAYS BUYS £440m of 4.75% 2015 GILT AT ...
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THE FINTAG NEWSLETTER @ 07 November 2008
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Analytical Wealth
analyticalwealth.com 10/9/2008 — Following on yesterday's discussion of Britain's TARP here is a look at the latest news on the plan, which provides more details than what were available yesterday: (From BBC News):" The UK government has announced a package of measures aimed at ...
BOE Cuts Rate to Lowest Since Bank’s Creation in 1694 (Update2)
bloomberg.com 1/8/2009 — Jan. 8 (Bloomberg) -- The Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession. The Monetary Policy Committee, ...
BOE More Likely to Expand Bond Purchases on GDP Slump (Update1)
bloomberg.com 10/23/2009 — Oct. 23 (Bloomberg) -- Britain’s failure to escape the worst recession since World War II may force the Bank of England to increase its bond-purchase plan next month, economists said. Seven months after Governor Mervyn King’s central bank started a ...
Mystery Surrounds R&B Star Chris Brown
cbsnews.com 2/9/2009 — He was arrested after a woman accused him of hurting her. Was the woman his girlfriend, pop superstar Rihanna? Both were Grammys no-shows.
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