Alle afleveringen
254 afleveringen, van nieuw naar oud
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A policy success amid the disaster
16 oktober 2008 · 6 min
The costs of decisive action were vastly less than those of inaction. The fiscal burden should prove quite manageable, says Martin Wolf. Lees meer
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Governments have at last thrown the world a lifeline
14 oktober 2008 · 8 min
Policymakers finally realised that a plan for dealing with such a severe financial crisis must contain those elements that are individually necessary and collectively sufficient. The announced programmes are, in scale and construction, what is needed, says Martin Wolf. Lees meer
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FT Special Interview: Mohamed El-Erian
14 oktober 2008 · 11 min
The winner of the FT-Goldman Sachs Business Book of the Year award tells Andrew Hill, FT city editor, how concerns about the signals coming out of markets in 2007 inspired his book When Markets Collide. He warns of more turbulence to come. Lees meer
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FT Special Debate: What happens after the Icelandic bank collapse?
10 oktober 2008 · 7 min
Martin Wolf and Gillian Tett, FT capital markets editor, discuss how highly leveraged Iceland came unstuck in the global financial crisis, and how the risk of sovereign default has grown there and in other countries Lees meer
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It is time for full-scale financial rescue
9 oktober 2008 · 7 min
The fear driving the breakdown in financial markets is as exaggerated as the greed that drove the opposite behaviour a little while ago. But unjustified panic also causes devastation. Martin Wolf argues it must be halted, not next week, but right now. Lees meer
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FT special debate: will the UK bank rescue plan work?
8 oktober 2008 · 15 min
In this special podcast, Martin Wolf, chief economics commentator, discusses with FT leader writers, Christopher Adams and Chris Cook, whether the UK bank rescue plan will work, and how this week's G7 summit should react. Lees meer
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What Britain must do in the crisis
2 oktober 2008 · 6 min
As the financial crisis deepens, should the UK follow the US rescue package? Martin Wolf says on balance, the answer is: no. But the question raises some big issues: above all, he says that prudence today demands bold actions. Lees meer
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Congress decides it is worth risking another depression
30 september 2008 · 8 min
It is just over 70 years since the Great Depression. Judged by its rejection of the US Treasury's bail-out plan, Congress believes it is time to risk another one. Martin Wolf argues a slump is not inevitable but only if action is taken to prevent one. Lees meer
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Paulson's plan was not a true solution to the crisis
26 september 2008 · 8 min
The US Treasury secretary views the core challenge as illiquidity, not insolvency. By creating a market for toxic assets, he hopes to halt the spiral of falling prices and bankruptcies. But the scheme is neither necessary nor efficient, says Martin Wolf Lees meer
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How to meet the dangers facing Britain
17 september 2008 · 6 min
Do not panic: the UK economy ought to be able to get through this crisis without a recession as deep as those of the early 1980s and 1990s, says Martin Wolf Lees meer
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The end of lightly regulated finance has come far closer
16 september 2008 · 8 min
Is the worst now over? Certainly not. The biggest outstanding question is whether government-led rescues of undercapitalised financial systems will be needed. This is now looking increasingly likely, says Martin Wolf Lees meer
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The Wolf v Kay debate: will more regulation stop future financial crises?
9 september 2008 · 39 min
In this special podcast, FT editor Lionel Barber chairs a debate between Martin Wolf and John Kay on the limits to regulating the banks. The debate was inspired by opposing articles these two leading economics experts wrote in March this year (see below). Lees meer
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US housing solution is not a good one to follow
9 september 2008 · 7 min
Is the rescue of Fannie Mae and Freddie Mac an example of US policymaking that the UK, quite as vulnerable to the collapse in the housing market, should follow? Martin Wolf very much hopes it will not. But the pressures on the UK government to act will be strong Lees meer
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No alternative to nationalisation
8 september 2008 · 5 min
The US public has ended up with an open-ended guarantee of the liabilities created by supposedly private entities. It is a bad place to be Lees meer
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Why the sky may not be falling
4 september 2008 · 7 min
A weak government is a risk. Any policies it introduces must avoid undermining confidence in the UK???s policy regime. Lees meer
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What the presidential choice could mean
2 september 2008 · 8 min
This presidential election might well determine the character of the next, possibly final, epoch of Anglo-American global hegemony. The question is whether the American people will choose the instinct for conflict or that for co-operation. Lees meer
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The return of the Russia the west loves to loathe
29 augustus 2008 · 7 min
Superannuated cold warriors and neo-cons are salivating over the notion of a new cold war with Russia Lees meer
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A year of living dangerously
15 juli 2008 · 7 min
It is almost a year since the US subprime crisis went global. The hope that the repricing of risk would be no more than a brief interruption has been disappointed. So where is the world economy now? Lees meer
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Falling off a cliff in slow motion
10 juli 2008 · 6 min
Martin Wolf examines the outlook for the UK property market, concluding that a big drop in house prices is likely. This is attributed partly to extraordinarily high prices and partly to the unavailability of credit. Lees meer
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Lessons to be learnt from the financial crisis
9 juli 2008 · 8 min
Martin Wolf reflects on why the financial crisis happened and the risks now facing the global economy. He also considers how the frequency and severity of future crises can be reduced. Lees meer
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Why obstacles to a deal on climate change are mountainous
8 juli 2008 · 8 min
Tackling man-made climate change is much the most complex collective action problem in human history. Solving it will require concerted efforts from both developed and developing countries over at least a century. But there is no choice but to try. Lees meer
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How to see world economy through two crises
7 juli 2008 · 8 min
In the short term, the biggest monetary policy requirement is a tightening in emerging economies, many of which have strongly negative real interest rates. As important is letting jumps in energy prices pass through, forcing adjustments in energy use, says Martin Wolf. Lees meer
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Britain out of luck
7 juli 2008 · 6 min
What is ahead will be tougher than the expansion the UK has been used to for 16 years. But it is not the end of the world, says Martin Wolf. Lees meer
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How imbalances led to credit crunch and inflation
18 juni 2008 · 8 min
What explains the combination of a 'credit crunch' in the US with soaring commodity prices and rising inflation across the globe? Are these related events? So far this is not a return to the 1970s. But action is needed to keep this true, suggests Martin Wolf. Lees meer
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Britain's utility model is broken
13 juni 2008 · 6 min
Investors have been able to buy utility companies, replace the equity with debt and enjoy a licence to print money. This is intolerable, argues Martin Wolf. Lees meer
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Sustaining growth is the century's big challenge
11 juni 2008 · 9 min
Is it possible for the vast mass of humanity to enjoy the living standards of today's high-income countries? Jeffrey Sachs has produced an analysis that manages to be both pessimistic and optimistic at the same time. One might not be quite as optimistic about the solutions. But one must recognise the salience of the challenges, argues Martin Wolf. Lees meer
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Useful dos and don'ts for fast economic growth
3 juni 2008 · 7 min
Achieving sustained, rapid growth turns out to be very hard. This is no objection to the findings of the Growth Report - it is, rather, an admission of how little we know about such a complex economic, social and political process. Lees meer
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Britain is better off outside the euro
29 mei 2008 · 6 min
If a country is to join the eurozone, its people must be willing to cope with the consequences forever. Lees meer
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Emu's second 10 years may be tougher
27 mei 2008 · 8 min
The eurozone is a triumph as a monetary union. Yet it is much less so as an economic union. Its creation has not caused the acceleration in dynamism that proponents hoped for - if anything, structural reforms have slowed. Lees meer
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Preserving the open economy at times of stress
21 mei 2008 · 8 min
Everybody should remember, above all, that the opening of the world economy is the west's greatest economic policy achievement. It would be a tragedy if it were to turn its back on the world when the rest of humanity is at last turning towards it. Lees meer
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Britain must not cut loose its anchor
16 mei 2008 · 5 min
In the 1970s, letting inflation rip, to avoid pain in the short run, increased it in the long run. The UK must not repeat that error. Lees meer
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The market sets high oil prices to tell us what to do
14 mei 2008 · 8 min
Oil is a finite resource; it drives global transport; and if emerging economies consumed it as Europeans do, world consumption would jump by 150 per cent. Don't blame the high price on speculators and big bad oil companies, says Martin Wolf. The reality is different. Lees meer
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Seven habits finance regulators must acquire
7 mei 2008 · 8 min
Unless we are comfortable with a crisis every five years or so, financial regulation must be radically reconsidered. Tighter rules are desirable in the longer-run interests of the banking industry itself let alone the public's. What should such regulation look like? Lees meer
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Why Britain's economy will change
2 mei 2008 · 7 min
What does the economic turmoil mean for the UK economy? This is not a question about prospects for the next year. It is deeper than that: how well can an economy long characterised by soaring house prices, exploding debt and a dynamic financial sector adjust to a new world? Lees meer
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Food crisis is a chance to reform global agriculture
29 april 2008 · 7 min
Nobody knows how long these shocks will last, but they demand rapid policy changes across the globe. We must choose between fragmenting markets further and integrating them, between helping the poor and letting even more starve. Lees meer
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A turning point in managing the world's economy
23 april 2008 · 7 min
How do we persuade citizens the rise of the emerging countries, the brightest story of our era, is to be welcomed, asks Martin Wolf. Lees meer
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Let Britain's housing bubble burst
18 april 2008 · 6 min
It is high time the British realised a people cannot become rich by selling ever more expensive houses to one another, argues Martin Wolf Lees meer
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Why financial regulation is both difficult and essential
16 april 2008 · 8 min
A voluntary banking code is almost certainly not worth the paper it is written on. If regulation is to be effective, it must cover all relevant institutions and the entire balance sheet and, not least, it must make finance less pro-cyclical, argues Martin Wolf Lees meer
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Why Greenspan does not bear most of the blame
8 april 2008 · 7 min
The former chairman of the Federal Reserve, once lauded as the 'maestro', has, to his discomfort, become the scapegoat for the crisis. Much of the criticism is highly unfair, but there are areas where he is wrong. Lees meer
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Four falsehoods on UK immigration
3 april 2008 · 6 min
While the economic arguments of a high level of net immigration are weak, this does not mean that substantial gross immigration, particularly of skilled people, is undesirable. Lees meer
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The prudent will have to pay for the profligate
1 april 2008 · 7 min
Neither households nor the financial sector as a whole can de-leverage swiftly, other than via a calamitous mass default or by shifting their debt elsewhere, usually on to the government. A private-sector financial mania will finish up as public-sector pain. Lees meer
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The rescue of Bear Stearns marks liberalisation's limit
25 maart 2008 · 8 min
For three decades we have moved towards market-driven financial systems. By its decision to rescue Bear Stearns, the Federal Reserve, the institution responsible for monetary policy in the US, chief protagonist of free-market capitalism, declared this era over. Lees meer
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Why today's hedge fund industry may not survive
21 maart 2008 · 7 min
Just as it is particularly difficult to know whether a manager is skilful rather than lucky, it is hard to distinguish talented managers from untalented, so the business is bound to attract the unscrupulous and unskilled. Lees meer
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The debutant banks on a brighter fiscal future
12 maart 2008 · 9 min
The chancellor used the new watchword 'stability' 23 times. 'Prudence', however, never crossed his lips. This is a telling shift. Lees meer
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Going, going, gone: a rising auction of scary scenarios
11 maart 2008 · 9 min
A trillion dollars here, a trillion dollars there, and pretty soon you are talking real money, even for the US. Most of the losses will fall not on the financial sector but elsewhere. Lees meer
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Leona Helmsley remains alive in Britain
6 maart 2008 · 6 min
'Only the little people pay taxes' - that is the principle behind all the screaming about non-dom taxation, argues Martin Wolf. Lees meer
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Life in a tough world of high commodity prices
4 maart 2008 · 9 min
If central banks are confident commodity prices will stop rising, they should slash rates. But, given the continued growth of emerging economies, they cannot be sure of that. Worse, core inflation seems to be drifting upwards. Lees meer
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Why Washington's rescue cannot end crisis story
26 februari 2008 · 8 min
When bubbles burst, asset prices decline, net worth of non-financial borrowers shrinks and illiquidity and insolvency emerge in the financial system. The US government can rescue the economy. It is now being forced to do so. But that is not the end of this story Lees meer
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Brown is wrong even when he is right
21 februari 2008 · 2 min
The lesson for the government seems to be it is not enough to make what seem to be the right decisions if one does so in the wrong way, suggests Martin Wolf. Lees meer
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America's economy risks mother of all meltdowns
19 februari 2008 · 8 min
The link between the bursting of the housing bubble and the fragility of the financial system has created huge dangers for the US and the world. The US public sector is coming to the rescue and will succeed, but the journey will be uncomfortable, argues Martin Wolf Lees meer
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