Leaders & Columnists
Making a Drama out of a Crisis
Financier Scott Rudmann describes how he ended up spending a surreal evening watching himself on stage in Sir David Hare’s story of the credit crunch
Updated: Darling's Nasty Surprise
The Pre-Budget Report's hidden measures will hurt Britain, not help it, as the Chancellor takes aim at the bonuses of all parts of the financial industry, not just banks
A Ruination of Macroeconomists
At the most recent Adam Smith Lunch at Boodle's, in the presence of senior business figures and economists, Dr Peter Warburton talked about how macroeconomists failed to spot two of the trends which transformed our world and led to the credit crisis
Back to a Bonus Bonanza
It's no wonder that the American people are furious, says Rob Cox: bonuses are back and bigger than ever
The Minsky Moment
The fight to stop Great Depression 2 is far from over. In 2008, we saw the Keynesian Stimulus Cure and the Friedmanite QE Cure deployed around the world, but the next two economists to enter the world stage are the Irving Fisher Reality Check and the Hyman Minsky Moment.
Palin on Oprah
I wasn’t quite sure what to expect, having never watched Oprah before, but I couldn’t resist watching Sarah Palin. I cannot tell a lie: I was impressed.
Famous Last Words
At least some good soundbites came out of the crisis. Your suggestions are welcome!
Mervyn King's Speech
In a speech delivered last night in Scotland, the Governor of the Bank of England, Mervyn King, stressed his feeling that - now that banks had been rescued by the government - they needed to slim down and hive off retail operations from riskier ones. Here are some key extracts and a link to the full text.
Smith to Keynes: Be Quiet!
This is the text of Alasdair Macleod's Adam Smith lecture, delivered last week at Boodles: Alasdair takes aim at the Keynesians and Monetarists and gives his own plan for recovery
John Redwood on the Economic Crisis
Read John Redwood's summary of the Spear's Talk he gave at the Henley Literary Festival on Sunday, October 4
"For the private sector to be too much in debt may be careless. For the public sector to be too much in debt may be inconvenient. For the banking sector to be too much in debt might be worrying. For all three to be too much in debt at the same time is dangerous."
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
Q
I have been reading in the press recently that if you are not a UK citizen it is going to become more difficult to divorce in the UK. Is this true?
A
It is a fact that in recent years there has been an increase in ‘forum shopping’ divorces and London has been described as the divorce capital of the world.
Spear's Wire



