ECB set for an error for the ages

March 29, 2011

In a field of endeavor with a long and glorious history of folly, the European Central Bank is preparing to commit an error for the ages: hike interest rates into the face of a crisis of existence for the euro zone.

No jam today or tomorrow for Britain

February 17, 2011

Poor Mervyn King — damned if he doesn’t raise interest rates, futile if he does.