Comment, analysis and other offerings from Wednesday’s FT,
Martin Wolf: The eurozone depends on a strong American recovery
Wolf explains why Europeans shouldn’t believe the US going into a recession has little to do with them, especially as it’s not just a slow-down, it’s a financial crisis
Comment: Obama ought to take up cricket
Michael Fullilove, director of the global issues programme at the Lowy Institute in Sydney and a visiting fellow in foreign policy at the Brookings Institution, explains why Obama should drop the baseball references and take his lead from a more complex and demanding game like cricket.
Recessions give space for new ideas to flourish
Lynda Gratton, a professor at London Business School, writes how the 2008-2009 recession will be seen to have had important economic consequences, by taking us back to basics – rebalancing the spending excesses of the past ahead of the next round of excess.
John Kay: Some companies are too powerful to fail
The predictable consequence of governments accepting the argument that great banks are too big to fail is a queue of other companies “too big to fail” lining up at the front door of treasuries.
Lex gives us a contango lesson
If spare storage capacity were to run out, there would be a risk that physical oil would be dumped on to the market for immediate delivery, thereby forcing down the spot price further.
FT Video: Conversations on the credit crunch with the FSA’s Adair Turner
FT editor Lionel Barber sits down with the FSA’s Adair Turner to talk about the roots of the crisis, lessons learned and that ban on short-selling financials.