Has a financial crisis started yet, or is it over already?

History is full of financial crises. But each one was defined by something – a housing bust, a sovereign debt default, a hyperinflation or a…

Is Credit Suisse the next Lehman Brothers?

Financial markets were jittery already. But then Credit Suisse’s credit default swaps started to blow out, signalling a rising probability of default. It’s all so…

The next phase of the financial crisis has begun: currency crises

We think of currency crises as being related to pegged exchange rates, emerging markets and foreign currency-denominated debt – things that don’t apply to the…