Everything to play (or fight?) for

As the old adage goes, “Where there is crisis, lies opportunity.” Well, as crises go, few can top a world war. Although the causes of…

How many trillion must unrealised losses be before they matter?

Yesterday’s analysis of the banking crisis we face was disappointingly vague. But at least we got much of the theory out of the way. Today,…

When Canary Bank drops dead, you don’t stay in the coalmine

If a canary in a coalmine drops dead, do you spend your time debating whether bird flu is contagious or not? That’s what all the…