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Another currency crisis... it’s enough to make you nostalgic

Mon, 24 Nov 2008 11:42:38 GMT

Stick your head out of the window, inhale deeply, and enjoy the sweet, yet sickly, scent of nostalgia. It's everywhere.

So who was ultimately to blame for the credit crisis?

Mon, 10 Nov 2008 16:23:51 GMT

It took about 40 years for a reasonably consensual explanation of the Great Depression that could be rattled off in three minutes to emerge.

Stephen King: Economic beauty contest can become an ugly mess

Mon, 03 Nov 2008 10:25:57 GMT

Given Alan Greenspan's recent dose of the doubts, at what level should we trust markets?

Memo to Gordon ... think radical and dump Bank target

Mon, 27 Oct 2008 23:12:35 GMT

Inflation targeting was designed to put the UK economy on the straight and narrow after years of excess.

Lessons of Depression just haven’t been learnt

Mon, 20 Oct 2008 14:59:17 GMT

We are living through financial history of the tragic kind. At its low point earlier this month, America's stock market had declined in value by well over 40% compared with its peak a year ago.

When trust has been lost it is time to say prayers

Mon, 22 Sep 2008 15:33:41 GMT

What do a Madonna concert and a banking crisis have in common? Not much, you might think. But, as I sat through an excruciating performance of "Borderline" in Wembley Stadium recently, I realised that Madonna and mammon go together rather well. The common link is trust (or its loss).

Interest rate cuts will only reduce the short-term pain

Sun, 14 Sep 2008 10:00:54 GMT

Those who oppose interest rate cuts seem to base their arguments on one of three ideas. First, rate cuts won't work. Second, rate cuts will simply reignite earlier housing or stock market bubbles. Third, borrowers simply don't deserve rate cuts. Some people seem to believe in all three of these ideas, an approach which, to my mind, is nonsensical.

Damage to growth has been done

Mon, 08 Sep 2008 10:34:58 GMT

One year on, how does it feel? How does it feel to know that you can't sell your house? That you can't get a loan from the bank to buy a house or, for that matter, anything else? That unemployment is on its way up?

Will inflation problem compound US misery?

Mon, 11 Aug 2008 10:13:45 GMT

Heaven knows, America's miserable now. With US unemployment up to 5.7% in July, and with US inflation in June running at 5.0%, life is no longer quite as comfortable as it used to be.

A spoonful of Reaganism can help the inflation medicine to go down

Mon, 04 Aug 2008 05:00:13 GMT

Two weeks ago we learned that retail sales in the UK fell 3.9% in June and that Tim Besley, a member of the Bank of England's Monetary Policy Committee, voted at the last committee meeting for an interest rate increase. This combination is rather intriguing.

Inevitably, public funds must solve financial ills

Mon, 28 Jul 2008 14:02:54 GMT

One swallow doth not a summer make. Two summers of financial crisis, though, are enough to make the most robust of policymakers swallow hard.

View From London: Do people think Bank has lost all its magic?

Mon, 07 Jul 2008 09:00:23 GMT

Mervyn King, Governor of the Bank of England, has told the House of Commons Treasury Select Committee that "a change in the prices of food and energy relative to other prices can't by itself produce sustained inflation unless we allow other prices and wages to rise at a faster rate".