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Elsewhere on Thursday,

- The ingenious Pirate Theory of credit crunch aversion.

- Some serious knock-on effects to contemplate for your next trading strategy.

- Forget about the stock market – at least until next year.

- “Keynesian solutions often fail to deliver good or even acceptable results.”

- Will Berkshire lose its triple-A?

- Lloyds TSB shareholders voted between a rock and a hard place.

- External support and bank behaviour in the international syndicated loan market.

- Is nothing sacred? Even Nat Rothschild’s Atticus Capital is laying off staff.

- “You know it is a crisis when the trade deficit could have been financed just by selling T-bills to China and European banks.”

- Zimbabwe and the Hanke Hyperinflation Index at 89.7 Sextillion Percent.

- Junk-bond holders, head for those hills.

- A (huge) reality check for art collectors.

- Four bad bears.
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