Inside the banks:

The crisis has shown up flaws in the financial markets and the global economy.  Huge flows of capital into debtor Nations like America and Great Britain pumped up asset markets. These fed the instabilities of financial markets; themselves plagued by poor regulation, dangerous incentives and the reckless use of mathematical models.  Fixing this will take a lot of work over 18 months, when legislation should be ready, but already a picture of a new finance is becoming clearer:  smaller, better regulated and more conservative.


This vision is worth keeping an eye on, but the immediate priority is the imperiled banking system.  Just now, with finance in ruins, the nexus of markets and non-banks that make up the” shadow banking system” has failed.  Decent businesses are being starved of credit and driven into bankruptcy. 


Sound familiar?


Note: These words are not mine.  They are from the Editorial in The Economist, dated January 24th, 2009: Blank Cheques, bankruptcy, nationalization: the options are dire, but governments must choose between them.

We have choices: 

12 thoughts on “PUBLIC ADVOCACY: The Economist

  1. I love your blog.. very nice colors & theme. Did you
    design this website yourself or did you hire someone to do it for you?
    Plz reply as I’m looking to design my own blog and would like to know where u got this from. thank you

    1. Hi there: Thanks for your comments. I designed this myself, it appeared quite difficult at the time , especially the avatar/ Butterfly, which has become my symbol. I just kept writing and the format evolved.

      Try it. All the best.
      Please share with your friends. All the best. Joyce

    2. Hi: I did design this myself. Using word press appears to be easy, if you follow their guide lines.
      To increase traffic to your blog, I would recommend, using as many links as possible. Also consider Tumblir.
      Let me know you’re doing and I’ll follow you as well.
      All the best. Joyce

  2. I got this website from my buddy who informed me concerning this web site and at the moment this time I am visiting this site and reading very informative articles or reviews at this place.

    1. Thanks for your review.
      I read many periodicals and strive to be informative.
      Please comment and review more often.
      All the best. Joyce

    1. I can always depend upon the The Economist for “good” content and humor.
      Please continue reading my Posts and continue to comment.
      All the best. Joyce

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