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Sir Mervyn King: Most Serious Financial Crisis At Least Since The 1930s, If...
Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis...
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Too Late for A Sinking City?
Bangkok, the megacity capital of Thailand, lies on the delta of the Chao Phraya river. It is one of the most important commercial centers in South East Asia and a gateway and principal destination for...
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Why I Oppose Financial Stability
Democracies are supposed to strive to deliver outcomes that advance the greater good of society. In a number of posts here on baobab2050.org I have been making the case that reining in public sector...
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One Euro Is Not Enough
One excuse reason why my posting frequency is down is that for all of the major issues that I have been following, the policy makers and mainstream commentators seem to be going round in endless...
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Where Did All The Money Go?
Friends and colleagues often ask me “Where did all the money go? someone somewhere must have it!”. I too used to wonder – until I read this dinner speech by Benoît Cœuré, Member of the Executive Board...
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Wisdom of the Crowds – Eurozone edition
Imagine a rosebush laden with fresh red roses glistening in the morning dew. What feelings and sensations come to mind? Now imagine the Eurozone. What feelings and concerns come to the minds of tens of...
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Europe’s Triple Cocktail: Lethal Medicine?
The inspiration for this post is Wolfgang Münchau’s latest piece in the FT which scores 10/10 for logical clarity, as always: Why is Greek GDP falling so fast contrary to what official forecasts have...
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IMF: We Screwed Up
FT Alphaville reporting: Christine Lagarde has urged countries to put a brake on austerity measures amid signs that the IMF is becoming increasingly concerned about the impact of government cutbacks on...
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A Cypriot Solution to a Systemic Problem
UPDATE: This proposal has been cross-posted to the comments section of FT Alphaville under the excellent post “A Cypriot Game of Chicken” If confiscation of deposits is a systemic danger, as the action...
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Cyprus, Greece and the Eurozone Endgame
The letter which forms the main body of this post was first written on 28th July 2011 – two weeks after the Mari disaster – in the form of a private letter to a key person in the unfolding Cypriot...
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