Comment, analysis and other offerings from Friday’s FT,
No need for an orderly queue to exit
Jim O’Neil, chief economist of Goldman Sachs, writes: Heads of state preparing for the G20 summit next week have been emphasising the need for a co-ordinated “exit” strategy from their expansionary monetary and fiscal policies. But it is not clear it will be as easy or as important as their – admirable – co-operation in the Lehman aftermath.
Gillian Tett: Why we should all watch what Barclays does in the cellar
A couple of years ago, when structured investment vehicles were sowing devastation in the financial world, I frantically searched for a way to explain to non-financiers how these entities worked. The analogy I resorted to was a garage or cellar.
Alan Beattie: Obama’s tariffs move may be smart after all
The horror, the horror. President Barack Obama has put tariffs on Chinese tyres. The sky turns black; two-headed calves are born; famine and deprivation wrack the land. But there might be an upside.
Lex on distressed debt
After the bear market, the teddy bear market: lenders are increasingly having to go soft on borrowers in order to avoid big writedowns
Editorial comment: Oil on the brain
It don’t rain but it pour. Or, in the case of oil, it don’t trickle but it gush. The world has recently been awash with tales of oil bonanzas in far-flung corners of the globe. A cold shower is now in order.
Money Supply blog: The view from Helsinki
I’m in Helsinki getting a feeling for how the economic crisis is hitting the eurozone’s northern extremities. The second quarter was pretty bad here and Finnish industrial production was a staggering 24.2 per cent lower in July than a year before, the worst year-on-year drop reported in the European Union apart from Estonia.
Letters to the the Editor
- Oil on the brain
- Trade in tyres is not necesarily a win-win case
- Sarkozy tax could start a trade war
- Price is not always right in matters of debt and equity