How Britain could have saved Lehman Brothers
Lehman’s bankruptcy changed the world. It sent world economy into a precipitous decline that’s matched the Great Depression. It arguably changed the course of the US election. It was a
Cameronite guru Nassim Taleb answers your questions
“David Cameron is the best thing we have left on this planet…the only hope left for a risk-conscious society,” was one of the more unexpected answers I got from Nassim Taleb. I
Mervyn's money mania means Cameron need not worry – yet
Forget the voices suggesting interest rates might creep up in the near future. This morning revealed the reality that the Bank of England nearly voted for even more creation of its funny money.
Merv the Oracle and the phantom jobless
Like a Greek Oracle, Mervyn King has divined some encouraging signs at the quarterly Bank of England assessment of the UK economy. But the bulk of the statistical soothsaying was pretty bleak. The
Paulson and Goldman Sachs: the plot thickens…
The film on the backlash against Goldman Sachs is top of our most-viewed charts. To catch-up on the backstory read here, and it’s well worth seeing the film here, if only to see lightning
Does 'grow British' equal 'don't buy foreign'?
‘Grow your own veg’ is an oddly resonant message in uncertain economic times. I heard it first from my father, when he sent his youngest three children to help him tend to his
Can pump-priming choke off US unemployment?
A crisis of the motor industry; a crisis of the home industry; a credit crisis; and high petrol prices. Every expressway of the American Great Recession passes through Elkhart Indiana, capital of
Where next for the wizards of Goldman Sachs?
Rising out of the carnage of the credit storm is the new gleaming headquarters of the titan of post crisis American banking. Goldman Sachs has emerged richer and more powerful than ever, but the
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