Paulson has proved that he was right about one thing all along. A failed deal is worse than no deal at all. This was why the US authorities had refrained from interference until ten days ago. Confidence would best be restored by leaving the market to sort its own problems out, with occasional official nudges […]
Entries from September 2008
Yet another Black Monday, liquidity
September 30th, 2008 · No Comments
Tags: Investment Management · Investment News · Portfolio Building · Portfolio Management · Press Releases · Stocks and Shares
“Meltdown Monday”
September 16th, 2008 · No Comments
Have we now heard the name Ken Rogoff had in mind when on August 19th he warned “We’re not just going to see mid-sized banks go under in the next few months, we’re going to see a whopper”? (See Daily 090820.) Which category does Lehman or Merrill Lynch fall into? And AIG isn’t even a […]
Tags: Investment Management · Investment News · Portfolio Management · Press Releases · Stocks and Shares
US economy to UK new car sales
September 5th, 2008 · No Comments
Yesterday’s bloodbath in equity markets came in two phases. In neither case is there reason to believe that the causes will be temporary. In neither case should the reaction have been a surprise. In neither case should we think we’ve seen the end of the story. Europe started the day already alert to the fact that […]
Tags: Investment Management · Investment News · Portfolio Building · Portfolio Management · Stocks and Shares