It’s back

“It” is the housing market crisis in the US. Readers with exceptional powers of recall, stretching back as much as three years, will remember that in the summer of 2007 trouble began emerging in the American mortgage market; this was the harbinger of the wider global financial crisis burst. The bubble in the US housing market had actually burst much […]

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Craven Haven

On Wednesday night, Switzerland became toast. Not in the physical sense, of course. The glaciers, snow-capped mountains and ski slopes are still there, the dairy sector is still making chocolate, while the giant factories along the Rhine churn out chemicals and pharmaceuticals. But the banking industry, the heart of the country’s economy, has just been neutered. Switzerland, as an “offshore” […]

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Coupling

 Will Asia decouple? Will Europe recouple? Can Canada uncouple? These are the kind of subjects that financial analysts are hot about currently. But don’t get excited – it’s not what your dirty mind is thinking. In fact, it’s about as far removed from sex as you can get. There’s no passion and certainly no emotion in any of it, although […]

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