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finance

Why Budgets are Dangerous

In the last week or so, the International Monetary Fund released another of its major economic outlook statements. Business and financial media all over the world earnestly pored over the numbers as if the future had been foretold by some all-knowing wizard. The strong sense was that, with this new-found certainty, decisions could finally be [...]

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Why Bernard Madoff is a name you should have in mind over the New Year

A good friend comes to see you. He’s setting up a securities company and is looking for investors. This friend has impeccable credentials: former chair of a major stock exchange, senior and well respected member of the financial world. Simple decision? Of course. You jump at the chance to invest and you spread the word [...]

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Home Truths of a Financial Collapse

  Spare me the dramatics. Spare me the countless column-inches of ‘how did it happen?’ analysis. The most surprising aspect of the recent financial market crisis has been the surprise itself. It was always going to happen. Now that it has, perhaps we can remind ourselves of a few home-truths. At its core, the current [...]

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