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Best of Lex
Big fish, little fish – Nov 20
A blasphemous, cat-neglecting sea monster and bankers boosting the birthrate
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Principal content
Lex: Goldman Sachs
The bank’s most precious asset – its awesome reputation – is turning as toxic as a pile of rotting collateralised debt obligations
Lex: JPMorgan Cazenove
The too big to fail just got bigger as JPMorgan, which weathered the financial storm better than everybody else, consolidates its position
Lex: Taiwan / China
If they cannot agree on ways to address President Obama, what chance a satisfactory agreement on cross-strait liberalisation of the financial sector?
Lex: Renminbi appreciation
However perplexing for politicians or investors long renminbi forwards, China’s position on its currency is entirely reasonable
Lex: Bernanke blowing bubbles
Finally a central banker has admitted he is as clueless as everyone else, but arguing over the rally is short-sighted – powerful shifts are occurring
Lex: US small businesses
While the economy appears to be recovering, many small businesses are suffering
Lex: US commercial property
US authorities face looming problems in commercial real estate, with more than $2,000bn of debt maturing by 2013
Lex: Cadbury
Word that Hershey of the US and Italy’s Ferrero are thinking of putting in bids hardly constitutes a Kinder Surprise
Lex: New & improved GM
Post-bankruptcy financials show a viable company but little chance of recouping bail-out investment.
