After the storm comes a hard climb

Sixty-two years after Keynes' death, in another era of financial crisis, it is easier for us to understand what remains relevant in his teaching, writes Martin Wolf

People have been buzzing about Martin Scorcese's new movie, The Wolf of Wall Street, for almost a year now, but until now, no one was exactly sure when the movie would come out in theaters.

WHEN 2007 began, America's economy was growing strongly even as the nation's housing-market bust was gathering pace. In the summer of that year, housing-market troubles precipitated the beginning of the financial crisis as the market for subprime-backed securities evaporated. And by the end of 2007 America was in recession.

Decisive restructuring is necessary, because bankruptcy – and so losses for unsecured creditors – must be a part of any durable solution to this economic crisis, writes Martin Wolf

Decisive restructuring is necessary, because bankruptcy – and so losses for unsecured creditors – must be a part of any durable solution to this economic crisis, writes Martin Wolf

Editor’s Note: The following post comes to us from Eilís Ferran, Professor of Company and Securities Law at the University of Cambridge and Niamh Moloney, Professor of Financial Markets Law at the London School of Economics and Political Science. Some 5 ½ years out from the Autumn 2008 Lehman Brothers collapse, the massive effort b

By James Picerno: Industrial production slumped last month, and the official blame again points to Hurricane Sandy. That's the third time this week that weak economic data has reportedly been assaulted by the recent storm that tore through the Northeast U.S.

I didn't want to run over my article on the five places to watch for the next financial crisis with secondary commentary, as then, none of you would've read the underlying