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Banking Reform – Is That It?

By Greg Fisher I recently had cause to look at the Draft Financial Services (Banking Reform) Bill, which was published a few weeks ago.  It made for depressing reading because, in my opinion, the proposed reforms will do little to protect the UK from a future banking crisis.  Furthermore, it will not address two fundamental […]

Why Are Markets So Volatile?

By Paul Ormerod Mainstream economic thinking has considerable difficulty in explaining the massive degree of volatility of financial markets over the past few months.  Both shares and bonds exhibit large fluctuations on an almost daily basis. The problem is particularly acute for the concept which is fundamental to a great deal of modern macroeconomics, based […]