Comment and analysis from the FT on Wednesday,
Analysis: The vision thing
Chris Giles on that question from Queen Elizabeth: “Why did no one see it coming?”
John Kay: A passive approach to bank stakes is inadequate
Early socialists must be chuckling in their graves. But this government control of the commanding heights does not represent the triumph of socialism over capitalism, but the necessity of pragmatism in the face of failures of capitalism.
Simon Ward: Darling’s Christmas present conceals a debt trap
The danger is of a debt trap – a vicious circle in which the debt/GDP ratio explodes as rising debt interest causes ever widening budget deficits.
Martin Wolf: “Buy!”
The good news is that, after an extended period of overvaluation, stock markets are, at last, attractively priced.
Editorial comment: The right focus for Obama’s fiscal plan
A package that combines both short- and longer-term measures is the best bet for shortening the recession and aiding recovery.
Letters
The Lawson boom largely presaged what is unfolding now - Michael Keaney.
Central banks did buy assets . . . hence this mess - Naomi Fink
How FT leads from the front - Clark McGinn
