Investment-banker-turned-financial-chronicler Charles Morris writes (via Dealbreaker), apropos of Lehman Brothers’ troubles: De-leveraging is a necessary prerequisite to a real recovery. The brunt of federal policy to date, however, has seemed directed at keeping the squirrel cage running at high speed -– trying to help consumers carry on borrowing and spending, taking questionable assets onto the [...]
A reader (who used to work for the Wall Street Journal) suggests that I write a piece on: How the FT has eclipsed the Journal as the definitive paper on financial markets, globalization, etc. While the Journal still gets the occasional scoops – yesterday’s SEC piece on Chris Cox was quite good – I find [...]
