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Insights from the UK and beyond

from Global Investing:

To spend, or not to spend?

A day after Britain unveiled a multi-billion-pound fiscal stimulus package to spend its way out of recession, market analysts have been busy figuring out what it all means, in the context of a sharply slowing economy.

Nick Parsons, head of market strategy at nabCapital, has come to this conclusion:

"People need to spend less, not more, and though little Johnny's Xbox is indeed 4 quid cheaper, his Dad's house is worth £3.97 less every hour,"he wrote in his daily note.

"That’s every hour of every day, 24 hours a day and is not going to get in the slightest bit better as a result of yesterday's budget announcement… Thanks to the VAT reduction, Easter eggs might be 10p cheaper next year but by then average house prices will be another £10,000 cheaper. Go figure."

What’s your gadget of the year?

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nokia-phone.jpg******For those immune to the charms of the latest gadgets, they are expensive, infuriating and fragile devices that are destined to be lost or stolen or end up languishing in the back of a drawer.******But for gadget-lovers there is nothing better than getting their hands on a covetable new toy that promises to make life easier or more fun.******Readers of Stuff magazine, who are more likely to fall into the second category, are voting for their favourite gadget of the last 12 months.******Here’s the shortlist: Apple’s iPhone, Sony’s PlayStation 3, Nintendo’s Wii Fit, Microsoft’s Xbox 360, Asus Eee PC and the B&W Zeppelin.******Nominees in the other categories include the BlackBerry Bold, Nokia N96, Creative Zen X-Fi and TomTom GO 730.******Do you constantly upgrade your mobile/iPod/television in a quest for the latest features? Or are you quite happy still using your basic phone and full-size TV?******What was your favourite gadget of the last year and why do you love it so much?*******Click here for full story*

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