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Monthly Archives: July 2008
Regulatory intervention is a hallmark of bear (not bull) markets
Free market forces are routinely given great credit as wise and omnipotent. That is, so long as asset prices are rising. Once the inevitable price corrections begin however, there is typically outrage and demands for government intervention to step in … Continue reading
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Enraged Pakistan investors storm their exchange as stocks plunge
This story from the Pakistan Daily Times caught my eye this morning. Panic continues to build as this bear market grinds on around the world. I am reminded of the angry employees and investors who were storming Bear Stearns offices … Continue reading
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World leaders are starting to panic
Fear about soaring inflation and plunging growth are becoming increasingly palpable in world leaders both in business and politics. Today the Bank of England's new chief economist Spencer Dale warned that the UK is facing its toughest economic prospects in … Continue reading
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