Ambrose Evans-Pritchard

In a very downbeat assessment of the ability of financial and monetary stewards to deal with the most protracted financial crisis is some 75 years, Paul Volcker, the esteemed former Fed Chariman warned that the economic slump has spread in…

In the last few weeks, the currency market is where the action has been. We have witnessed massive moves in every major currency and in some not so major ones. To my mind, all of this is a prelude to some sort of currency crisis. This…

Ambrose Evans-Pritchard of the Telegraph in London is one of the more interesting reporters on the business scene. In today's Telegraph, he chronicles the depth and breadth of the global slowdown now taking form.However, the crux of his…

Update 4 Jul 2008: see a fuller answer to this question at my new post: The ECB is right and the Fed is wrongThat's the question Ambrose Evans-Pritchard addressed in his blog yesterday. I am firmly in the deflationist camp, meaning…

Ambrose Evans-Pritchard writes in today's Telegraph of the BIS annual report, which is unusually cautious about the global economy. His article makes for sobering reading.Bill White, the departing chief economist at the BIS, in writing his…

It has been my assertion for some time that writedowns and the attendant unraveling of the financial system is the most troubling problem during this credit crisis. This process is deflationary by its very nature because credit contracts.…