Interest rates in continental Europe will stay far below British levels for a long while yet, and investors still seem to see the pound as a safe haven from the uncertainties of Europe's single currency.

ECONOMIST: The economy: The Bank’s brief breather | The

Inflation is low and unlikely to pick up, which means that the Federal Reserve will probably keep short-term rates at their present low level for a long while and long-term rates are likely to stay down too.

ECONOMIST: Better to feast on cookies than junk bonds

We buy a sofa instead of a ski trip, not taking into account that we will get used to the sofa very quickly and that it will stop being a source of happiness, while the vacation will likely stay in our minds for a long time.

WSJ: The Art of Buying Happiness With Money | Ask Ariely

This business may take a long time and only really brilliant designers will survive to the end while others will stay just selling hand-made or a few collections.

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