The Euro in New York and Other Links

With news that New Yorkers are now accepting the Euro in Manhattan shops, we take a look at the

• Costs and benefits of a falling Dollar

Why Economic theory often doesn’t hold in the real world. – Why the US cut interest rates by 1.25% without causing dollar to fall:

• Why Textbooks can be proved wrong 

The Prospect of a recession in the UK  is increasingly being talked about. It is a long time since the last recession in 1991-92 – You will notice some similarities and some differences.

• UK recession of 1991-92 

The size of the US current account deficit is only exceeded by the size of the Chinese Current Account surplus. In this short essay I look at the:

• Chinese Current Account Surplus