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2013-01-07

Socionomics in fashion; pound headed for collapse?

What a plank! Bizarre start to men's fashion week in London


hide one's face in shame


Sterling crisis looms as UK current account deficit balloons
It’s the sort of problem you might have thought disappeared with the 1970s, but as the Coalition renews its wedding vows, that’s the unsettling possibility raised by economists at both HSBC and Royal Bank of Scotland. With fears of a eurozone break-up, a calamitous fiscal contraction in the US, and a hard landing in China now fast receding, it is possible financial markets will refocus their attentions on more conventional concerns. The failings of the UK economy might be prime among them.

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