The Great Debate

The end of the Davos consensus

By J Saft
January 30, 2009

– James Saft is a Reuters columnist. The opinions expressed are his own –

James Saft Great Debate It’s not exactly a wake, but participants at this year’s World Economic Forum have witnessed many of their most cherished beliefs being challenged, upended and sometimes ground in the mud.

Is the executive pay bubble popping?

By J Saft
January 28, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Signs are it won’t just be the salaries of bankers coming under fire.

An unusual array of forces are combining to make it very likely that top tier pay may be structurally falling, rather than simply taking a cyclical dip during a downturn.

Nationalization: Terrible but inevitable

By J Saft
January 23, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Nationalization of weak banks in Britain and the United States may be preferable to current plans for insurance and soft “bad banks” schemes which risk being swamped by future losses as assets, especially real estate, continue to crater.

As Big Brother steps up, time for credit

By J Saft
January 21, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Want to do well out of the rolling and ever expanding bailouts? Hold your nose, buy corporate credit and try not to read any news for the next five years.

Betting on the unthinkable in the euro zone

By J Saft
January 16, 2009

James Saft Great Debate — James Saft is a Reuters columnist. The opinions expressed are his own –

Some crises bring partners closer together. Some, as investors in the euro zone are likely to discover this year, drive them further apart.

Pension assumptions hitting the wall

By J Saft
January 14, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

That 8 percent annual return on investment you and your pension fund manager were banking on is now looking almost as optimistic as Madoff’s magic 12 percent, as deleveraging and deflation bite.

Of boom, bust but maybe not the Black Death

By J Saft
January 9, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

As the crisis has deepened we’ve had to search farther back in history for precedents, and with deflation at hand much of the debate now centers on how similar the next while will be to the Great Depression.

UK suffers from banks’ Darwinian hibernation

By J Saft
January 7, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Britain’s banks are fulfilling their Darwinian role, to survive, rather than their economic one, to lend, and there is no easy or painless way out.

We are all Madoff investors

By J Saft
January 2, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

It was perhaps inevitable that we ended 2008, the year we learned we were up the creek, with a great financial scandal: the Madoff Ponzi case.

How will the Fed get off its Tiger?

By J Saft
December 19, 2008

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

The Federal Reserve and U.S. economy have two considerable risks now that quantitative easing is at hand: keeping the dollar from a disorderly decline and figuring out how to dismount from the tiger.