An astonishing thing happened a few weeks ago. English clubs made up all four finalists in Europe’s top two cup finals. That’s a feat that’s never been done before. Three finalists from the same country is the best that has been managed: starting with Germany in 1980, then Italy in 1990 and 1995, and Spain …
China – down but not out
In last week’s blog I mentioned the over-valued credit markets in China as a key risk to financial market stability. This week saw Moody’s downgrading of China’s credit rating and its outlook for China changed from stable to negative. The slowing of growth Despite economic stimulus, GDP growth has fallen pretty steadily since 2010 and …