16th September 2011
Do these cultural differences threaten the future of the European Union?
The birth of a virtuous new asset class
The banking community has taken a big hit in trust over the last four years, and transparency is the way to restoring it. So why have a number of German banks have decided to withdraw from the stress testing of the European Banking Authority.
Those of us who've been around for a minute or two know that the whole idea of ring-fencing, while adorable, is the macro-economic equivalent of Santa Claus or the Tooth Fairy.
On blackboards in economics seminars markets make great decisions. In practice they're made up of people with no magic power and no greater ability to know what to do than the state.
A recent MFS survey found 40% of people between age 18 and 30 agreed with the statement, "I will never feel comfortable investing in the stock market."