Dear Bond Vigilantes, The small nation of Ireland has received more than its fair share of press since the credit crunch started three years ago. The financial crisis has not been kind to the Irish economy, with the collapse of…
Category Archives: credit crunch
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We first started writing about the credit crunch 3 years ago (see August 2007). Since then, short-term interest rates in the USA, Europe and the UK have collapsed to near zero. Ten year government bond yields across the respective economies…
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The team has just watched I.O.U.S.A., the film about the future American disaster brought about by unbalanced government budgets (Dick Cheney: “Reagan proved deficits don’t matter”) and, in particular, unfunded Medicare and Social Security liabilities. We’re giving away our copy…
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The start of another year is always a time to take stock, reflect on the last year and plan for the next. Last year was dramatic from an investment point of view, with equity markets having their biggest bear market…
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The credit crunch and the prospect of a global economic slump isn’t bad news for all companies. In fact, there’s an argument that some companies, or at least some products, can thrive. While Leonard Lauder was chief executive of Estee…
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European banks – things may not be what they seem
- Topics
- credit crunch, credit risk, drawdown, ECB, European banks, News
Posted July 10th, 2008
Spectators at recent ECB press conferences may well have come away thinking that there is little, if any, evidence of a credit crunch in Europe. According to the ECB, ‘the growth of bank loans to non-financial corporations has remained very…
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The chain of events that led to the Great Depression were extremely similar to the ones that led to the ‘lost decade’ in Japan. Firstly loose monetary and fiscal policy led to real estate and stock market bubbles. Then the…










