Ian's Feed
Mar 19, 2014
via Breakingviews

UK’s political budget transfers from young to old

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

George Osborne claimed to have a big white rabbit up his sleeve. It turned out the UK chancellor had hidden a cuddly toy for pensioners. Osborne is running the budget for both the economy and the election.

Mar 19, 2014
via Breakingviews

UK’s political budget transfers from young to old

Photo

By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

George Osborne claimed to have a big white rabbit up his sleeve. It turned out the UK chancellor had hidden a cuddly toy for pensioners. Osborne is running the budget for both the economy and the election.

Mar 17, 2014
via Breakingviews

Market adjustment is not over yet

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The golden fear gauge is rising. Gold is up to a six-month high of $1,383 an ounce. A more serious equity and commodity meltdown threatens as markets grow more uneasy about Ukraine, China, emerging economies and global growth. Gold may go a bit higher still – but its rally too may soon prove vulnerable.

Mar 17, 2014
via Breakingviews

Market adjustment is not over yet

Photo

By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The golden fear gauge is rising. Gold is up to a six-month high of $1,383 an ounce. A more serious equity and commodity meltdown threatens as markets grow more uneasy about Ukraine, China, emerging economies and global growth. Gold may go a bit higher still – but its rally too may soon prove vulnerable.

Mar 12, 2014
via Breakingviews

Russia harms the BRICs and adds to global risks

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

BRICs? Perhaps it should be shortened to BICs. Russia’s intervention in Ukraine is a big blow to the Russian economy and also to other embattled emerging economies. It’s not good for the global picture either, as the redirection of funds makes developed markets more bubbly and vulnerable.

Mar 12, 2014
via Breakingviews

Russia harms the BRICs and adds to global risks

Photo

By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

BRICs? Perhaps it should be shortened to BICs. Russia’s intervention in Ukraine is a big blow to the Russian economy and also to other embattled emerging economies. It’s not good for the global picture either, as the redirection of funds makes developed markets more bubbly and vulnerable.

Feb 12, 2014
via Breakingviews

Markets may flare again without Fed and ECB hoses

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

After a January in which emerging-economy fires blew smoke into investors’ eyes, markets are calm again. Somewhat dovish noises from Janet Yellen, the new chair of the U.S. Federal Reserve, have, at first, reassured. But there are good reasons to worry.

Jan 31, 2014
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Emerging vacuum a harbinger of global downdraught

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Emerging economy policymakers are wailing, understandably. But they can’t expect some magical coordination of global monetary policy. U.S. tightening is essential to curb global bubbles. Emerging markets are the first victims. They won’t be the last.

Dec 31, 2013
via Breakingviews

Markets face a year as tough as 1994

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

It’s all priced in, the optimists say, referring to the likely tapering of the U.S. Federal Reserve’s money-printing. But tapering is just the beginning of the end of ever looser monetary policy and the long road towards normalisation.

Dec 30, 2013
via Breakingviews

Dollar to give other currencies beating many want

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The dollar should make its way back from oblivion in 2014 as the Federal Reserve stops printing greenbacks like monopoly money. Emerging market currencies look vulnerable to a whipping they don’t want, the yen should continue to slide happily, the euro will ease and the pound will end up competing with the dollar at the front of the currency race.