THE NEAR-COLLAPSE of the world’s banking system two-and-a-half years ago has prompted a fundamental reassessment of the industry. Perhaps the biggest casualty of the crisis has been the idea that financial markets are inherently self-correcting an…
Market Watch link
Excerpt:
LONDON (MarketWatch) — Moody’s Investors Service cut Greece’s sovereign debt rating Monday by three notches, to B1, infuriating the Greek government and sideswiping the euro amid renewed worries about the ability of G…
Link from “Foreign Policy”
“When big-thinkers at companies with the most skin in the energy game are behind closed doors and they discuss how the world really looks going forward, do they say that there are bumps in the road but that things will be fi…
The year 2011 is the year when inflation will play the role of wrecking ball. It seems to threaten everything from emerging markets to the pretty earnings narrative of the market as a whole.
I use the term “inflation” here as the man on the st…
How exactly did the Federal Reserve’s purchase of government bonds force up stocks?
I suppose the effect was indirect, in that the stock market recovered confidence when it saw that interest rates would be kept low with this extra demand for go…
http://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-
the-euro-one-day.html
Most credible statement about a Russian leader, since we were told Andropov ‘had a cold’. I have a tough time taking this seriously, at least as anythin…