Archive for July, 2009
Financial Market Regulations
Monday, July 13, 2009 16:22 No CommentsToday’s regulatory structure evolved in piecemeal fashion over the past eight decades, with short-term responses to successive financial crises heaped one atop another. Getting our regulatory house in order requires constructing a new foundation, rather than taping broken windows and patching cracked walls.
Financial regulatory reform must protect investors and restore investor confidence. That demands a [...]
World Economy
Wednesday, July 8, 2009 14:35 No CommentsWorld Markets have calmed down since the chaos of last autumn, when it seemed any institution, no matter how grand, could disappear overnight. Appetites for risk have retuned. But investors are seized by a new uncertainty: how confident should they be about the prospects for recovery? Since March, the stampede to safety has been slowly [...]
Commodity Markets
Wednesday, July 8, 2009 14:32 No CommentsInvestors who filed into commodities when prices were skyrocketing last year were brought swiftly down to earth when the rally came to an abrupt halt a few months later. The sudden economic downturn triggered fears that demand for oil and other commodities would dry up. Investors fled from commodities and prices crashed. Few areas escaped [...]