UK austerity Archive

Cameron and Draghi continue to push austerity

I wonder what, if anything, it would take to reverse all this self inflicted global destruction. Clearly evidence and theory isn’t enough. Too often change comes from some form of ‘blood in the streets’ Draghi Says No Alternative to Austerity as Economies Shrink By John Fraher and Jeff Black October 9 (Bloomberg) ...Read More

U.K. Daily – CIPS May Manufacturing Index Falls to 20-Month Low

My Q2 guestimate for the tipping point may not have been too far off U.K. CIPS May Manufacturing Index Falls to 20-Month Low (Bloomberg) A U.K. manufacturing index, based on a survey by Markit Economics and the Chartered Institute of Purchasing and Supply, declined to 52.1 in May from a downwardly revised ...Read More