All the king’s horses and all the king’s men couldn’t put Humpty Dumpty together again.” That’s the last line of the well-known nursery rhyme. We doubt that the world’s economic/financial systems will ever be put together … in other words, established upon a stable footing. That can never be the case as long as mankind […]

Has the financial bust of the Apocalypse started after all? One could be tempted to think so. Since financial markets began to fracture more than 15 months ago, waves of selling, unwinding and deleveraging have continued unabated around the world. Just before this writing, the entire global stock market had fallen 55% (as represented by […]