Comment, analysis and other offerings from Wednesday’s FT,
Nouriel Roubini: How to avoid the horrors of stagflation
The US and the global economy are at risk of a severe stag-deflation, a deadly combination of economic stagnation/recession and deflation.
Martin Wolf: Global imbalances threaten the survival of liberal trade
The world has run out of willing and creditworthy private borrowers. The spectacular collapse of the western financial system is a symptom of this big fact. In the short run, governments will replace private sectors as borrowers. But that cannot last for ever.
Richard Lambert: A tale of two banking crises
My career pretty much got going with the banking crisis of 1973-75 and it is coming into its final years with the banking crisis of 2007-10 - rather a dramatic pair of bookends. There are clear similarities between the two.
The Short View: Turning
Markets turn on fear and hope. For years fear has orbited around the US, with hope centred on China. That is now beginning to change. In the past few weeks, some small items of data have provoked great concern about China. FT Video.
Lex on Japanese bonuses
Dwindling exports and a strong yen are battering confidence and forcing managements to curb expenditure.
Editorial comment: Not a time for hoarding bullets
The European Central Bank is used to balancing the risks of inflation and recession while half of the eurozone grows strongly and half falters. It faces no such dilemmas this week.
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