Michael Hampden-Turner, a strategist at Citigroup, thinks the American default rate will peak at 11.5% this quarter and fall to 6.5% by the autumn of next year.

ECONOMIST: Buttonwood

The report forecasts that the consumer prices index will rise to 3% over the summer, but fall back to 2.5% by the autumn, as energy bills and food prices stabilise.

BBC: High inflation cost the UK economy ?10bn, report says

The Fall 2012 palette embraces many of the rich colors of autumn, such as, warm and cold natural beige, chestnut, brick red, copper, orange, musk green, blue and grey.

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