Urgent bank reforms
Finance ministers from both rich and developing nations have called for an immediate reform of the banking systems in developed countries.
Posts Tagged economy
Have the tables really turned?
It appears the economic crisis is tilting the balance of power gradually away from the U.S. It seems Washington is beginning to relate to China as a respected partner. The tables seem to have turned around and this time it is the US who is having to answer to China for not behaving properly (financially).
It appears some bank have not learnt from the financial crisis. Perhaps they enjoy taking risks and have forgotten the difference between a well calculated risk from an irresponsible one. Read the rest of this entry »
Jim Rogers, the man who co-started the quantum fund with George Soros, the man who famously drove the UK from the exchange rate mechanism and brought down the Major government, has been appearing on media outlets around the world with a stark message for the British public.
Rogers believes that the economy is doomed for decades. He says this with great sadness because he was educated in the UK and he loves it here. His reasoning is quite simple. Read the rest of this entry »