Japan the rule, not the exception

August 18, 2010

Japan may well have looked like the odd-one-out after Monday’s news its economy grew 0.1 percent over the second quarter – about the feeblest expansion possible.

Scams from Abuja to Reykjavik

March 4, 2010

It suffered the collapse of its currency, economy and banking system so being invoked in a version of the notorious Nigerian email scam is one of the smaller humiliations endured by Iceland.

The bailout formerly known as TARP

November 13, 2008

It seems like only yesterday that U.S. Treasury Secretary Henry Paulson was up on Capitol Hill, asking Congress for a mere $700 billion to buy bad assets that were clogging up lending. The so-called Troubled Asset Relief Program isn’t buying troubled assets, but the TARP acronym lives on.

Meet Macroscope …

October 10, 2008

The financial system is in the grips of its most violent
upheaval since the 1930s. A staggering amount of wealth has been
destroyed this year — $11 trillion wiped out from world stock
markets in the past nine months. The damage already is spilling
into the real economy, and fears are spreading among investors
of a deep and damaging downturn.

Dear G20, welcome to Washington

October 10, 2008

Thank you for visiting. Admission is free, but your generous donation would greatly help with our capital improvement projects such as bank bailouts, depositor guarantees and mortgage overhauls. We normally like to keep this an intimate gathering of just the Group of Seven, but given our current predicament, the more the merrier.