The Bank of England’s Monetary Policy Committee duly provided the additional £50bn worth of conventional gilt purchases that the market had been expecting at its February meeting, although two external members, Adam Posen and David Miles had wanted a larger amount of £75bn and some others ha More
Stuart Thomson
Chief Economist, Co-Fund Manager
Mar 6, 2012 at 11:25am
The delayed reaction to the ECB’s three year long-term repo operation has provided a powerful boost to peripheral government bond markets. More
Stuart Thomson
Chief Economist, Co-Fund Manager
Jan 31, 2012 at 2:15pm
Condemned by faint praise, expectations ahead of the Merkozy summit between Angela Merkel and Nicolas Sarkozy were low and the majority were not disappointed, but we believe that important and disturbing progress was made between the two leaders of the Greater European Non-Prosperity Zone. More
Stuart Thomson
Chief Economist, Co-Fund Manager
Aug 23, 2011 at 4:00pm
Picture the scene, the world’s best central banker calls the meeting to order, his acolytes crowd round, anxiously asking about additional quantitative easing, “are we there yet?”, “no” he replies, “ there is a small inflation hill to negotiate, but rest assured, we are getting closer” More
Stuart Thomson
Chief Economist, Co-Fund Manager
Aug 22, 2011 at 1:59pm
We expect the UK economy to grow by 1.1% during 2011 and by 1.3% in 2012. The current growth rate is as good as it gets for the economy over the remainder of the decade. The UK economy grew by just 0.2% during the second quarter and by only 0.7% from the previous year. More
Stuart Thomson
Chief Economist, Co-Fund Manager
Aug 3, 2011 at 3:34pm
“Someone once said that the British Government has the engine of a lawnmower and the brakes of a Rolls Royce. The thing which makes the British Government grind to a halt is the relationship between the elected representative and the civil service. More
Stuart Thomson
Chief Economist, Co-Fund Manager
Aug 1, 2011 at 11:26am
Cyprus is too small even to be a black cygnet. It is however, likely to be the fourth patient of the European Financial Stability Fund within the next couple of months. It has come to prominence as the latest victim of Moody’s belated conversion to puritan sovereign ratings. More
Stuart Thomson
Chief Economist, Co-Fund Manager
Jul 29, 2011 at 1:14pm