UK inflation ‘to hit 5% within months’


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A default rescued Argentina from ruin. And it could work for Greece too

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Struggling under an impossible burden after its IMF bailouts, Buenos Aires knew its one hope was to stop paying its debts and become a pariah – and so it proved. Heather Stewart in The Observer.

As tree clings to life, so does Japanese city

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A lone pine tree has become a national symbol of Japan’s tenacity. WSJ article.

UK inflation ‘to hit 5% within months’

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Inflation should stick at a two and a half year high in figures out on Tuesday, before resuming its relentless climb upwards, economic analysts predict. Bloody British Gas

How Britian can grow old without going broke

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Latest from David Smith at economicsuk.com

The West is in for a rude awakening after years of abusing ‘risk-free’ debt

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Liam Halligan in The Telegraph.

China trade surplus hits 7 month high

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As import growth weakens to lowest in 20 months.

ECB’s Trichet: EMU Crisis Shows Need For Stronger Governance

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AIX-EN-PROVENCE, France (MNI) – The Eurozone has the capacity not only to overcome the current crisis but also to prosper, if it learns from its past errors and draws on the creativity of its entrepreneurs, ECB President Jean-Claude Trichet said Saturday. The “evident” lesson of the crisis is “certainly the need to reinforce governance,” Trichet [...]

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