Financial crashes are not random; they follow booms. If we want to prevent financial crashes, and the consequences of not…
It wasn?t the butler, it was the accountant that murdered the markets. On Monday the 9th I was invited to…
In Europe and the US, credit ratings have become a political football. Consequently, the risks of policy mistakes and also…
Here is a suggestion that will likely lose all my liberal friends. Off shore financial centres are not the enemy…
The story goes that markets are very good at predicting recessions and recoveries. They have predicted seven of the last…
India is the future. I mean that in one positive way and one, slightly negative way. Let?s be positive first.…
In 1899, Rudyard Kipling, the English poet, wrote a poem entitled, ?The White Man?s Burden?. The poem engenders such strong…
The tale of Bernard Madoff?s approximately $50 bn fraud is a fascinating one. In size, it is the largest investment…
The bearishness is now universal. Analysts and policy makers are competing with each other to be more bearish than the…
One of the reasons why western economies are in their current mess is that bad economics makes for good politics.…
You have to laugh a little about this financial crisis. It stops you from weeping. Prime Minister Manmohan Singh and…
Old populations, with a significant cohort of voters that is retired and living off fixed annuities or in rented accommodation,…
I am writing this from Washington DC as dawn creeps up over grey brick buildings. In global financial markets, the…
As banks fail and world stock markets plummet, the questions on many investors? lips is, how could rising delinquency rates…
Swapping troubled assets for cash?the essence of the bailout?may strengthen asset quality, but by crystalising the current distressed asset prices,…
The avenues through which systemic risk will flow will be new uncertainties about the functioning of the credit default market,…
While financial institutions are encouraged by supervisors to conduct thousands of stress tests on their solvency, few are conducted by…
Around the world, bank stocks have bounced 21% from their lows of July 15. Hope springs from the belief that…
