Helping you navigate the new normal
The wisdom of Sir Robert Walpole, the UK’s first premier, seems the only possible response to this weekend’s headline from the Wall Street Journal. How can a National Emergency ever be the basis for a major rise in stock markets? Of course, we all know that stock markets have become addicted to stimulus. But the
A month ago, the former UK Finance Minister, Alastair Darling, warned that the European Central Bank (ECB) had “to recognise they have to be the lenders of the last resort”.
He added that “This is far worse than the banking crisis of 2008 in its ser…
Long-standing readers will remember that then-UK Finance Minister Alastair Darling was the first Western politician to recognise in August 2008 the disaster that was about to hit financial markets.
Now out of office, his warning today therefore deserv…
