The Markets at Midyear, Sprinkled With Fairy Dust
As investors bask in a comforting monetary-policy landscape, they shouldn't be so foolish as to dismiss the blunt warnings from the Bank for International Settlements.
Roubini and Bremmer Warn of ‘New Abnormal’
Is a new economic crisis that makes 2008 look mild in the offing? Nouriel Roubini and Ian Bremmer argue in a lengthy survey of world gloom that the possibility of such a crisis is ever present.
When the financial system faces a major bankruptcy, one that is large enough to threaten its health, it often makes sense to buy time. Regulators, central bankers, multilateral lenders and governments.
Fed’s Action Unblocks Eurozone’s Ventilator, but Patient Still Dying: News Analysis
A patient on life support uses a ventilator to get oxygen into his lungs, but the ventilator is partially obstructed. Removing the obstruction facilitates the patient’s breathing–just like the Fed has provided lending facilities for zombie banks on life support-but it does not treat the disease.