The Great Debate

Cheap credit cannot restore broken illusions

August 13, 2010

Hans Christian Andersen’s fairy tale about the “The Emperor’s New Clothes” is a good explanation for the spectacular expansion and implosion of the bubble economy in the 2000s.

Lessons from the credit crisis debacle

January 14, 2010

– Steven Miller is managing director of Standard & Poor’s LCD, a unit not part of Standard & Poor’s ratings business. The opinions are his own and not those of S&P.-

Trouble in private equity paradise

September 11, 2009

wwwreuterscomnyse— Neil Unmack is a Reuters columnist. The opinions expressed are his own —

The masters of the universe seem to be losing control of their own destiny.

Jon Moulton, founder of private equity firm Alchemy Partners, has walked out acrimoniously amid a succession and strategic spat with his partners, and Dominique Megret, chairman at PAI, has been ousted. Both cases could trigger so-called “key-man” clauses in the groups’ funds, a nuclear option that allows investors to halt new investment, or in extreme cases even liquidate the fund.

Winning back the public’s trust

September 8, 2009

aron-cramer— Aron Cramer is president and CEO of BSR, a global business network and consultancy focused on sustainability. The opinions expressed are his own. —

Tarp Two: New deal or no deal?

February 10, 2009

Treasury Secretary Timothy Geithner speaks during a news conference in the Cash Room of the Treasury Department in Washington, February 10, 2009.

The U.S. Treasury Department on Tuesday unveiled a revamped financial rescue plan to cleanse up to $500 billion in spoiled assets from banks’ books and support $1 trillion in new lending through an expanded Federal Reserve program. But initial market reaction reflected investors’ doubts about the plan, with stocks falling around 3 percent after the announcement by Treasury Secretary Timothy Geithner.

Do we need a credit policy?

January 22, 2009

John Kemp Great Debate— John Kemp is a Reuters columnist.  The views expressed are his own —

The last eighteen months have witnessed a revolution in financial regulation — if by that we mean a fundamental reconstruction, total change or turn round from the previous orthodoxy occurring in a relatively compressed time.

Obama’s radical environmental strategy

January 6, 2009

John Kemp Great Debate— John Kemp is a Reuters columnist. The opinions expressed are his own —

Most successful elected leaders must disappoint their most ardent supporters at some point, as the bright hopes of an election campaign give way to the complex realities and constraints of governing, and need to occupy and retain the political center-ground to win re-election.

Brace yourself: Political-market risks in 2009

January 5, 2009

prestonkeat— Preston Keat is director of research at Eurasia Group, a global political risk consultancy, and author of the forthcoming book “The Fat Tail: The Power of Political Knowledge for Strategic Investors” (with Ian Bremmer). Any views expressed are his own. For the related story, click here.

Great U.S debt engine slips into reverse

December 12, 2008

John Kemp Great Debate— John Kemp is a Reuters columnist. The views expressed are his own —

After six decades of uninterrupted credit creation and an unprecedented era of consumption and prosperity, the credit process has come to an abrupt halt. If credit has been the locomotive of the modern economy, the third quarter of 2008 marked the point when the engine stalled and the economy began to roll back down the hill.

Finance throws sand in wheels of trade

By J Saft
December 12, 2008

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

Trade finance, a basic lubricant for the global economy, is becoming much more expensive and tougher to get, accelerating an already harrowing downturn.