Comment, analysis and other offerings from Wednesday’s FT,
Martin Wolf wonders why dealing with the huge debt overhang is so hard
How much debt is too much? Nobody knows. But the governments of highly indebted high-income economies – such as the US and UK – think they know the answer: more than today.
John Kay says financial models are no excuse to rest your brain
The model seems to be in question. But the idea behind it – that careful diversification can combine good returns with low risk – is as valid as ever.
Analysis: Is GDP just a mirage?
A 24-member commission of prominent economists led by Joseph Stiglitz and Amartya Sen, both Nobel prize winners, is due to report in April on ways of improving our economic bookkeeping.
Editorial Comment: First end the crisis
If the great and the good in Davos only gaze out into the distant future, they risk tripping over the mess at their feet.
Lex explores the basket Case-Shiller
After 12 years obsessing about skyrocketing property values, there is now an equal – albeit masochistic – fascination with watching prices plummet again says Lex.
John Authers on the FOMC
For maybe the first time, nobody will care what the Fed says about interest rates, which can already go to zero.
