So President Sarkozy of France threatened to leave the European Union, or the Euro, no-one’s really sure, if Germany did not bail out Greece and by implication all the other particularly badly managed economies on the southern fringe of Europe.
So we have to ask, will the Euro break up?  And if it does what way should a person bet?
Although the tantrum almost certainly did happen, the French would not withdraw from the European project no matter what a vertically challenged Hungarian Frenchman may think.  …

BP has recently been at the centre of the Gulf oil spill and the reaction of the markets has been severe, $30 billion has been wiped off its shares.  When people consider how much BP is on the hook for then that sounds about right.  After all a billion here and a billion there and quite soon we are talking about real money.
It is time for a reality check with BP.  The maximum that they have worked out as the damage that the damage will …

We had a rather good election, if we say so modestly.  We said that Cameron was over bought, and we got that right – by a mile.  We also said that a Labour government was a good outside bet, although towards the end of the campaign we advised you to close down on that bet and close down on any bets against Cameron.  And the polls turned.
We don’t claim to be able to tell you who is likely to win, but we do think that …

Britain is facing a massive budget deficit and this is the big issue that is facing the economy.  The Labour Party was the party least willing to admit to the parlous state of the public finances.  Investors have already priced in a Labour victory.  So a government with Labour as the dominant party would be unable to deal with the crucial issue that is facing the British economy.  Well that would make sense, but as so often is the case with politics what makes …

The Euro has had a habit recently of going on a high whenever there’s been yet another rescue plan that has been announced for Greece, and by implication Spain, Portugal and Italy. Today was no exception.  The Euro soared when the European finance ministers announced that the solvent countries were willing to go on the hook for insolvent countries’ debts.  It should be noted that this was after elections in both Britain and Germany were safely out of the way.  But is this …