Given that title inflation has been with us since the 1980s, in everything from estate agents’ property descriptions to job titles for students in summer jobs frying hamburgers, we should not be surprised that “printing money” in the 21st century is referred to as “quantitative easing”. Read More
European markets experienced a rare moment of respite yesterday. But this was just a pause in the panic. No comprehensive solution to the continent’s sovereign debt woes seems to be near at hand. Read More