Sam Pearson
Compare and contrast – GDP edition
Crack open the champagne! The UK emerged from recession with a magnificent 0.3 per cent rise in GDP.
Meanwhile, India was also digesting its latest GDP figures.
From Reuters on Friday:
India’s economy grew by 6 percent in the quarter through December from a year earlier,
Falling UK house prices – the next big thing?
A surprise drop in UK house prices in February – the first decline in 10 months – has left us asking a familiar question.
Was it just the bad weather or is this the start of a new trend?
From Nationwide,
Pink picks
Comment, analysis and other offerings from Friday’s FT,
Martin Wolf: How unruly economists can agree
If all the economists in the world were laid end to end, they would not reach a conclusion, says the FT’s Wolf.
Ooops…red faces at Telecom Italia
That’s one hell of an accountancy hitch.
From Reuters (our emphasis):
Telecom Italia SpA (TLIT.MI) will postpone release of its 2009 results, scheduled for Thursday, because its Sparkle unit will not approve its own books amid a 2 billion euro money-laundering probe,
Blame the weather? Again?
WHACK! Another slap in the face for the US economy.
From Reuters on Wednesday:
Sales of newly built U.S. single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery. The Commerce Department said sales dropped 11.2 percent to a 309,000 unit annual rate,
Let the games begin…
You can imagine the look of glee on Mike Ashley’s chubby face (he’s the one on the right by the way).
Shareholders at Blacks Leisure had been preparing to vote on the retailer’s £22m fund raising on Wednesday morning.
A debt crisis wouldn’t be a debt crisis…
…without Argentina.
Right on cue, Argentina’s bonds slumped to a five-month low on Tuesday following speculation that Amado Boudou, the country’s economy minister, could be about to resign.
His departure would delay the country’s plan to revive its fortunes through a multi-billion dollar debt swap and is the latest episode in a series of high-profile political spats.