Europe Economics Focus The rising dollar – what’s driving it and will it continue? The rebound in the dollar is looking increasingly over-extended. Shifting interest rate differentials are still the most common explanation of recent dollar moves against the euro. But these cannot... 23rd November 2005 · 1 min read
US Housing Market Focus US house prices have risen by a little over 50% in the past five years, leaving housing looking more US house prices have risen by a little over 50% in the past five years, leaving housing looking more over-valued than ever before. Based on a range of benchmarks including incomes and rents, . we... 20th October 2005 · 1 min read
US Housing Market Focus US housing boom entering its final stages The seemingly unstoppable US housing boom continues unabated with activity at high levels and prices rising sharply . . There are some disturbing parallels emerging, however, between the boom in the... 22nd June 2005 · 1 min read
UK Economics Focus The falling dollar’s threat to the UK The realignment of the US dollar against the world’s other major currencies has pushed the dollar/pound exchange rate to its highest levels since Black Wednesday and put a $2.00 pound within reach... 27th January 2005 · 1 min read
US Housing Market Focus US house price boom set to end US house prices have staged the biggest continuous rise in their history. The resulting overvaluation may not be as severe as that in the UK and Australia, but it is still big enough to convince us... 20th July 2004 · 1 min read
US Housing Market Focus The US housing market is a bubble waiting to burst The rate of increase of US house prices has been particularly strong over the past 3 years. Indeed, house price inflation even accelerated in 2001, buoyed by falling mortgage interest rates, defying... 28th July 2003 · 1 min read
US Housing Market Focus Mortgage refinancing in the US: the boom is over The continued strength of consumer spending in the US over the past two years, despite a recession and big stockmarket losses, is principally due to the boom in mortgage refinancing, caused by low... 2nd December 2002 · 1 min read
US Housing Market Focus Is the US Housing Market a Bubble Waiting to Burst? The rate of increase of US house prices has been particularly strong over the past 3 years. Indeed, house price inflation even accelerated in 2001, buoyed by falling mortgage interest rates, defying... 30th April 2002 · 1 min read
UK Economics Focus Fed leads the way for others to follow Today’s intra-meeting cut in US interest rates illustrates the Fed’s determination to do everything it can to help financial markets in the wake of last week’s events. Although the stock market might... 17th September 2001 · 1 min read
UK Economics Focus Terrorist attacks on the US – The Economic and Financial Effects Yesterday’s events in the United States are so horrific, and so important on both a human and a political scale that we may say that America will never be the same again. The human tragedy is such as... 12th September 2001 · 1 min read
