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  • 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 government...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-06-2008
  • The global stock market decline

    Alan Greenspan's comments ( below ), led the blog to investigate how the world's major stock markets had moved since their recent peaks. All, as shown in the chart, are now in bear markets. Stock markets often forecast economic developments 6 - 12 months ahead, and so this represents a negative...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-18-2008
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