Monday, May 21, 2007
Merryn on the ball as usual
Great article. Key points:
From US: By the end of March the amount of debt taken on by US investors specifically to buy shares totalled £318 billion. That’s more than in March 2000 – the peak of the tech bubble.
From US: Mastercard saw the number of transactions using its US cards rise by nearly 20% in the first quarter of 2007. That’s clearly not sustainable.
From Japan: From June 1, its standard mayonnaise will cost 10% more. To the outsider’s eye this may seem a trivial matter but, said Allum, it is not. It is the first time “any branded mass-market condiment has put in a price rise for at least a decade”.