Nobody ever bothers to deny something that is plainly impossible. So when CEOs of a major bank deny something, the blog always worries. The 'Interesting quote' series began in August 2007, when the blog noted Chuck Prince (then CEO of...
The German word ‘Zeitgeist’ describes ‘the ethos or mood’ of a select group of people. And the financial zeitgeist is clearly changing. Back in August, I marvelled at the contradictory views then being expressed: ‘We see a lot of people...
Back at the end of August, I suggested that we had only reached the end of Phase1 of the credit crunch. I feared that it had the potential to get much worse, and to damage the ‘real economy’ where all...
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