… at least not yet that is. Let us see how the rest in Europe will fare.
(From Bloomberg)
U.K. gross domestic product unexpectedly dropped in the third quarter as enduring slumps in services, manufacturing and construction kept the economy mired in its longest recession on record.
Gross domestic product dropped 0.4 percent from the previous three months, [...]

Ila Patnaik on the claims that the world now has something to learn from RBI on how to do financial regulation.
Jason Zweig in Wall Street Journal on data mining bias. I always find it amusing that to [...]

Unconventional monetary policy
Central banks worldwide have gone into `unconventional monetary policy’ owing to policy rates having hit the zero interest rate bound, and owing to the difficulties in finance which have impeded the monetary policy transmission. This has involved dramatic increases in money supply, purchases by central [...]

The government’s anti-terrorism ardour was endorsed again last week, as Section 76 of the new Counter Terrorism Act came into force on the 15th February. Section 76 in itself, seems to highlight the laudable extremes the government are willing to go to to ensure our safety. Although I understand that the government need something to [...]

When Eastern European countries joined the EU in 2004 and 2007, concerns were raised about a possible flood of migration to the UK, a country already experiencing record immigration levels. According to some media reports, not only would the British labor market be overrun by low-skilled East European workers but the widening of the EU [...]