'Chaos Monday'?

European banks failing stress tests and Euro crisis concerns may cause a chilling reaction in the markets on Monday.

Harry Wilson and Phillip Aldrick from The Telegraph believe that there will be chaos on the markets as investors and analysts claim that the stress tests were over optimistic and inadequate. Emma Rowling (also from The Telegraph) reports that global equities could lose up to 38 percent of their value at the most extreme prediction or 12 percent at a much milder prediction. ArabMoney.net are also predicting a 'horrible trap' ahead for investors.

One things for sure - I'll be keeping my eyes wide open on Monday!

Regards,
Sam

UK: CPI and RPI figures released

The CPI rose to 4.4% and the RPI rose to 5.5% both record breaking highs.

This may put the Bank of England under a lot of pressure to raise the interest rates. Tomorrow they'll be releasing their minutes to come back tomorrow for an update.


Regards, Sam

A Global Currency?

Out of the economic plight (read 2009) China proposed that there should be a single global currency, which
Geithner in 2009 remarked that the US is 'open' for ideas about a world currency. This would involve replacing  the US dollar based system by increasing IMF's special drawing rights

Brazil, India and Russia seem warm to the arrangement. But do you?


What are your views on a global currency?




Regards, Sam

Some Good Economics Blogs

Hi guys,

I've compiled some blogs that I've found very interesting - that also relate to economics or anything business related! - I'd advise you to check them out when you can.

OR

You can give me some recommendations in the comments below!

---

Scootland Economics: http://scootland-economics.blogspot.com/ - In depth papers

Currency Trading: http://tradingcurrencyguide.blogspot.com/  - Good for updates on FX

Nathan's Economic Edge: http://economicedge.blogspot.com/ - Views on world events

Thoughts on Economics:  http://robertvienneau.blogspot.com/


Regards, Sam

Chartered Cities

Hi folks,

In this blog I'd like to know your views and thoughts on alleviating poverty.

Here's a video of Paul Romer sharing his idea of chartering cities in developing countries.

The goal of this is to great cities such as Hong Kong, which are economically brillaint and will bring a lot of people out of poverty.

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Regards, Sam

A real alternative to oil?

Cella Energy, an Oxford based company, has claimed that it can produce a petrol replacement available in the next three years.

This fuel is hydrogen, but its innovative application is that it is stored in 'beads' and would not need to be stored in an expensive and potentially dangerous way it is stored at present.

This would mean that petrol would be much cheaper than current costs, with little infrastructure investment to implement the fuel.

Maybe this will loosen our dependence on oil, and give much less power to OPEC nations?


If you would like to find out more about this, visit their website: http://www.cellaenergy.com/


Regards, Sam

Upcoming Economic Events

Tuesday February 08 

INTERIMS 
Mcbride 

QUARTERLY EX-DIVIDEND DATE 
IBM Corp. 

INTERNATIONAL ECONOMIC ANNOUNCEMENTS 
Bankruptcies (JPN) 
Bank of France Business Sentiment (FRA) (07:30) 
Trade Balance (FRA) (07:45) 
Industrial Production (GER) (11:00) 
NFIB Small Business Optimism (US) (12:30) 

Q4 
BG Group, Wolfson Microelectronics 

GMS 
Melrose Resources 

FINALS 
Beazley, Low & Bonar, Patsystems, Wolfson Microelectronics, Xstrata 

IMSS 
Mcbride, Thomas Cook Group 

AGMS 
Renovo Group, Victrex 

UK ECONOMIC ANNOUNCEMENTS 
BRC Retail Sales Monitor (00:01) 
RICS House Price Balance (00:01) 


Producer Prices (09:30)


source:Sharecast