The UK’s Finance Minister, Alistair Darling, was the first western leader to warn that the current recession was the worst in 60 years. He was also the first to effectively nationalise major banks, to stave off their collapse. Now he has become the first to try to tackle the real threat of deflation, by cutting […]
Chemicals and the Economy
The aptly named Mr Darling
In August, the blog welcomed the statement by UK Finance Minister, Alistair Darling, that the ‘global economy was at a 60-year low’. It noted that he was ‘the first western politician to abandon reassurance and instead to focus on the reality of current problems’. But it still took until last weekend before all the relevant […]
The Swedish model
The blog has given up counting the number of US banks that have failed in recent weeks, away from the headlnes. Ken Lewis, CEO of Bank of America, predicted last month that half of all US banks would fail, and he is well placed to know. Bank rescues are also rising across Europe. The German […]
Jump to page: