One of the three Nobel economics laureates, Douglas Diamond, said Monday that the rapid rise in interest rates is a threat to the financial system. At a press conference announcing Read more
Tag: FTSE 100 Index
A Bear Stearns moment awaits if actions like the Bank of England intervention don’t calm markets, BofA analysts say
The Bank of England may have stabilized the U.K. bond market by aggressive purchases of longer-dated securities a week ago, but it, and other central banks, aren’t out of the Read more
U.K. could trigger a global crisis as pound collapses while bond yields soar, Larry Summers says
““A currency crisis in a reserve currency could well have global consequences. I am surprised that we have heard nothing from the IMF.”” — Larry Summers, former U.S. Treasury secretary Read more
Investors lose confidence worldwide as aggressive rate hikes drive market volatility higher, State Street data says
Investor sentiment around the world took a hit in June, according to one measure, with global equity markets closing out an ugly first half to 2022. State Street data showed Read more
U.K. economy teetering on edge of recession, says Goldman Sachs
The U.K. is teetering on the edge of recession, say economists at Goldman Sachs, as inflation-battered Britons curtail spending and the Bank of England raises interest rates. The bank’s economists Read more