Giddy Swings

Rarely can a long weekend have been so welcome to so many people as this Easter weekend surely is to everyone involved in the financial markets. The last week has been exceptionally nerve-racking even from the point of view of bystanders, let alone that of participants — from the extraordinary events of last Thursday, through the save-Bear-Stearns weekend and the […]

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This is not – cannot be – a normal column. It is being written on a day, during a week, in a month, that are all the furthest removed from normality in the global financial system, that anyone has seen since…well, probably since the global financial system imploded in 1931, leading to you-know-what. It is especially difficult to convey the […]

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