The Slack Wire

I've been saying for a while that people should stop assuming that a Greek default implies leaving the euro for a new currency. Much of ...

The papers are full of the rupee crisis. India's worst economy in decades, supposedly. The silver lining, according to this morning...

Martin Wolf in the FT the other day : The third challenge is over the longer-term sources of demand. I look at this issue in terms of the ...

From today's FT: US Junk Debt Yield Hits Historic Low The average yield on US junk-rated debt fell below 5 per cent for the first ti...

Krugman is puzzled  by the European Central Bank: I’ve been hearing various attempts to explain the ECB’s utterly bizarre refusal to cut i...

The other day, I quoted Howard Davies explaining the big macroeconomic advantage of a country like Latvia over a country like Greece: Lat...

In today's FT, John Gapper reads the Facebook prospectus. [1] And he doesn't like what he sees: There is still time to cancel its...

I was going to write something about tonight's debt-celing deal. "Reduces Domestic Discretionary Spending to the Lowest Level Since...