Two swallows
6th September 2007 by

This week has seen more downbeat news on US auto and housing sales. Ford said their total August veh...

Every mania is based on an illusion
4th September 2007 by

I first wrote about the subprime crisis two months ago, as it began to be noticed in the press. Hous...

OPEC and the IEA
31st August 2007 by

The war of words between OPEC (the oil producers’ club) and the International Energy Agency (the r...

China’s Finance Minister resigns
30th August 2007 by

You may remember that the Chairman of Sinopec, Chen Tonghai, suddenly resigned last June. This promp...

The end of the prologue
28th August 2007 by

The report in today’s ‘Financial Times’ that Barclays Bank has lost ‘several...

A tale of two worlds
23rd August 2007 by

It used to be said that ‘if the US sneezes, the rest of the world will catch a cold’. Well, the ...

£80k Maserati going cheap
22nd August 2007 by

Would you like to buy a nearly-new, limited edition £80k ($160k, €120k) blue Maserati Cambiocorsa...

Interesting quotes (3)
19th August 2007 by

Some of these quotes just seemed too good to ignore… `I don’t see any impact as yet on the r...

Leverage and bad debts
17th August 2007 by

Some 20 years ago, after a couple of senior management jobs, I was sent off to study for a month at ...

Thursday’s child has far to go
17th August 2007 by

The past two Thursdays have seen extraordinary things happen in financial markets. Last Thursday, BN...

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