Politics

Highlights The post EU/IMF bailout out euphoria continues to wind down and this means that the US dollar and the yen are in solid shape. The euro has eased back to pre-weekend levels, trading closer to the $1.2650 mark by late euro session…

Equity markets have responded well to the EU's new liquidity schemes.  But the single currency is tanking, after EUR shorts caused it to pop just after the announcement. What does this mean? Maybe the markets sense a large…

Below is the transcript of Brown's remarks. "We have a parliamentary and not presidential system in this country and as I said on Friday, with no party able to command a parliamentary majority arising from the general election,…

For all the seven long years since the signing of the Maastricht treaty started Europe on the road to that unified currency, critics have warned that the plan was an invitation to disaster. Indeed, the standard scenario for an EMU…

This is the third in a series of posts on the origins of the Euro crisis. "The roots of the European sovereign debt crisis go back thirty years" and "How Belgian debt, Italian anarchy and Greek profligacy lead to economic…

  Hat tip Scott.

Check out nine-year old Sam talking about Wall Street pulling a reverse Robin Hood. That's either one smart or one well-rehearsed young man.

On this edition of Peter Lavelle's 'CrossTalk' he asks his three guests including me whether the US Senate hearings humiliating Goldman Sachs are merely a show trial with the aim of watering down global financial reform. Take a look at what…

As I said yesterday,  investment banks are institutions which do fulfil a useful role in society. I would define their role as companies where large institutions and governments receive financial advice and raise capital. Goldman Sachs…

In 2007, a credit crisis centred in the US subprime market began. It metastasised into a monstrosity of epic proportions that led to the worst and only synchronized global downturn since the Great Depression three-quarters of a century ago.…