On FT Alphaville this week,
- Monday was situation normal AFU. Stocks tanked, led by the banks
- Everyone went on a bear hunt
- And first found Lehman and then MF Global
- Markets Live was a riot that day
- Tuesday arrived, with Bear for breakfast
- and a Bear blogfest
- Ptiy the LevX index. It had a bad first day
- There was “pigfat interest” available in Denmark, before the Crock pulled its offer
- And a lesson in Japanese basis swaps. A painful lesson
- On Wednesday, Martin Wolf discovered a problem with hedge funds – they’re lemons
- The Bank of Japan found it couldn’t fill a job vacancy – that of the governor
- Where upon the British Banking sector went completely Pete Tong
- Sure enough, someone called the police
- Thursday brought more roguery – this time at Credit Suisse
- The Markets Live team organised a posse
- and we discovered the reason for the cold, wet weather – The Crunch, of course!
And a little extra for your elongated Easter break….
- The Economist has a special on Wall Street’s crisis
- And we offer you our thought for the week. Nominated by a reader more educated than us, who hails from Ansbacher. From the opening of Henry IV, part II:
Open your ears; for which of you will stop
The vent of hearing when loud Rumour speaks?