The latest culture as recommended by our staff

Michael Henderson

Michael Henderson suggests


The whopper’s on its way

Tuesday, 19th August 2008

A leading economist has warned that another big American bank could fail as a result of the credit crunch within the coming months. Professor Kenneth Rogoff, the former chief economist of the IMF, said:
 

“The US is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say the worst is to come… We’re not just going to see mid-sized banks go under in the next few months, we’re going to see a whopper, we’re going to see a big one — one of the big investment banks or big banks.”

 

   Previous Back to Trading Floor   Next 

Blogs: Americano | Coffee House | Clive Davis | Melanie Phillips | Stephen Pollard

Actions: Print this article   |   Email to a friend   |   Permalink   |   Comment

Post this entry to:   del.icio.us | Digg | Newsvine | NowPublic | Reddit

Comments

Post a comment


Your comment:*

Your name:*

Your email address:*
(We won't publish this)

*Required information

Please click the button only once - your comment will not be published immediately

The Spectator Parliamentarian Awards
Weekly update

A new job for the IMF: as global policeman

Elliot Wilson 26/11/2008

Carbon footprints

Elisabeth Jeffries 26/11/2008

General Motors must be allowed to crash

Matthew Lynn 26/11/2008

‘These clouds will have a silver lining’

Judi Bevan 19/11/2008
Spectator recommends

The Captains Choice Tour

Luxury all inclusive travel to remote and exotic destinations.

London Luxury Hotel Discounts - Save Now

Low prices guaranteed on London Luxury hotels and resorts. Save up to 70% off on London UK lodging. Rates for...


Spectator classifieds

ROME CENTRE

PORTA METRONIA, ROME Standing high on the top of one of the seven hills of Rome- the Coelian- this unique

City Breaks. ROME and PARIS

ROME and PARIS: over 350 holiday rentals apartments listed: visit  www.romanreference.com  and  www.parisreference.com or call +39 0648 903612.

Jewellery. RUFFS (Estd. 1904).

Goldsmiths by Design Welcome to Ruffs!  You have found a company of Goldsmiths that specialises in the manufacture, amongst other