Tag Archives | credit market turmoil

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‘A Journey into the Unknown’

Deutsche Bank’s annual long-term asset return study is always worth reading. It was one of the first to make the link between an ageing Western population and the end of the 1982-2007 economic supercycle. This year’s study is titled ‘A Journey into the Unknown’. It highlights the enormous uncertainties that surround the global economy. Their […]

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Eurozone sees €789bn capital flight to the North

The blog’s many friends in the petchem industry in S Europe have become more frequent visitors to London in recent months. Often, they are in the process of buying flats or houses. As one long-standing friend commented, “would you want to leave your money in Spain today?” They are not alone. A detailed analysis by […]

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France, Germany, discuss EU fiscal union, as loan problems increase

The EU loans crisis began 6 months ago, when it became likely that Greece was never going to be able to repay its debts in full. Since then, Ireland has moved into a similar position. And there are expectations that Portugal and Spain will follow during 2011. Unsurprisingly, however, given the general lack of transparency […]

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Turning base quality loans into gold

Alchemists once claimed the ability to turn base metal into gold. More recently, some bankers seem to have been claiming a similar genius, via the magic catalyst of securitisation. These bankers no longer perform their traditional role of lending on a prudent basis to good quality borrowers in the personal or corporate sector. Instead, they […]

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