Alice's bubble wrap

Among British, Inflation Worries Mount

The WSJ picks up on the growing inflation expectations here in the UK.

Unemployment warning sends pound tumbling

"David Blanchflower, the arch-dove on the Bank of England's Monetary Policy Committee (MPC), today forecast that the UK economy is heading for an "unpleasant shock" with unemployment set to spike in October. Sterling fell to a two-and-a-half year low against the dollar as markets digested Mr Blanchflower's comments, sending the pound down to $1.7460 — a level last seen in April 2006. "

The man is itching to cut.

The 20 best places to buy a property in Britain

The Times writes these articles for the advertizers. Actually, we are not supposed to read them. I love this quote:

"Such properties are not cheap – a period family house on one of the best streets in central north Oxford will cost between £1.25m and £4m – but people are falling over themselves to get at them."

It as if the housing wasn't happening. As an aside, who has £4m for a terraced house in Oxford?

George Soros: Europe is headed for recession

The world is heading that way, George.

Credit and blame

A must-read on the origins of the crisis

Lawyers prosper amid sub-prime woes

There is a silver lining to every cloud.

The curse of Lehman Brothers

FT Alpaville's take on this week's collapsing bank.