The Bank for International Settlements (BIS), the organisation that fosters cooperation between central banks, has warned that the credit crisis could lead world economies into a crash on a scale not seen since the 1930s. In its latest quarterly report, … Read More

Gold prices may rise to $5,000 an ounce as investors seek to protect themselves against accelerating inflation, said Schroder Investment Management Ltd. `You could easily see for the next several years that prices rise not to $1,000 an ounce, but … Read More

Official retail sales figures in May from the Office of National Statistics will bring a smile to many retailers this week. Sales volumes in May were up 3.5% in the month and 8.1% year on year. It’s a sales boom. … Read More

CPI inflation of 3.3% in May has prompted the Governor of the Bank of England to write a letter to the Chancellor of the exchequer explaining why inflation is above the target rate of 2%. Food, fuel Gas and electricity … Read More

Inflation in the UK has been maintained around the 2% CPI target rate until recently despite service sector inflation averaging 3.6%. Non service sector inflation especially non energy industrial goods has been artificially low subsidised by low cost imports from … Read More

I am not sure if Mervyn King has a script writer but he consistently produces some excellent sound bites. Non inflationary consistent expansion that’s nice, is a classic. Navigating through the inflation storms from the East and the deflationary credit … Read More

Alexei Miller CEO of Gazprom said that crude oil prices could almost double to $250 per barrel next year. “ ”We think the oil price will double in 2009. Competition for resources is growing. The problem in the price is … Read More

Just what is happening to the oil price. OK it is a finite resource controlled by a cartel synopsomy with an inelastic price curve but even so. Last year OPEC were suggesting the realistic market price should be around $60 … Read More