Commment, analysis and other offerings from Monday’s FT,
Alan Greenspan: Equities show us the way to recovery
The former Federal Reserve chairman writes stock markets across the globe have to be close to a turning point. Even if a stock market recovery is quite modest, as I suspect it will be, the turnround may well have large (and positive) economic consequences.
Wolfgang Münchau: A new plan needed as the cycle grows vicious
Most of the pain in the financial sector is also still ahead of us. This will feel like a depression long after it has ceased to be one.
Clive Crook: Nice-guy image buys Obama only so much goodwill
In many areas of foreign and security policy, in contrast to the clear break he is attempting in domestic policy, Mr Obama is mostly rebranding Mr Bush’s approach.
Lex on the US equity rally
It does not matter whether the market has more or less halved from its peak – the risk to investors of being taken in by sloppy numbers remains real.
Editorial comment: What the G20 has to do in London
This is a defining crisis for the global economy. Posterity will judge these leaders on how they respond. They will either put in place a programme for recovery and reform that leads to healthier globalisation or they will be held responsible for the collapse of the promise of a better world.
Analysis: A fine balance for Obama to strike
In a wide-ranging interview with the FT, the US president talks about the challenges facing the G20 leaders, plans to shore up the US economy and public outrage over Wall Street’s culture of over-remuneration.
FT Video: V Anantha-Nageswaran on why the dollar’s days are numbered
The chief investment officer of Bank Julius Baer believes the dollar’s days as the world’s reserve currency are numbered.