Financial Crises

    Credit-financed markets are inherently unstable. Inevitably, the pattern of payment promises doesn't align with actual ability to pay. What happens then depends on institutions, regulations and management. Today, the credit system is global, and so also is the prospect of financial instability.

    Narrow by:

    Narrow results by…

    The World Needs Eurobonds Now More Than Ever

    The United States government openly flirting with a default on its debt is, to the financial system, like a Pope wondering out loud about the existence of God. Read more

    What You Can Do to Protect Yourself Against a Totally Unnecessary U.S. Government Default

    If Congress and the White House fail to raise the debt ceiling this week and the United States defaults on its debt, what can we expect and how can we protect ourselves against these events? Read more