IGNORE pundits who attempt to predict gyrating markets. Some, such as The Guardian’s economics writer, are claiming that ups and downs could be a signal for another 1929-type Great Crash; others on CNBC and Bloomberg TV are telling readers to … Read the rest
S&P downgrades debt of energy companies
Brokers Sanford Bernstein also warn that UK and other European banks have sizeable exposure to Glencore and other commodity traders
STANDARD & Poor’s has downgraded the debt of numerous US, European and emerging market energy companies while brokers Sanford Bernstein … Read the rest
Prevention of future financial collapse difficult
Alleged role of a single day trader in ‘flash crash’ suggests US and UK regulators are very late in the day
April 2015
ALLEGATIONS that a single UK day trader caused the “flash crash” five years ago indicate that regulators … Read the rest
Tackling the Curse of High Unemployment
WESTERN and emerging nations require common-sense policies and lateral, innovative thinking to combat the curse of high unemployment.
Dated macro monetary and fiscal policies have not worked in the new high-tech robot age of artificial intelligence, so much so that … Read the rest