Risk management standards do seem to be slipping.   Davis, Sender and Zuckerman in the Wall Street Journal: “The risk models employed by hedge funds use historic data, but the natural gas markets hav…

That, in effect, is what some at the Bank of England think.  Mark Gilbert channels John Gieve. ``After a short pause in May and June, we have seen the return of aggressive risk-taking in financ…

Dani Rodrik didn’t take long to stir up the blogosphere (see Steve Waldman, among others).   Rodrik makes an interesting point:   Trade doesn’t cut inflation.   Sure, it lowers prices for impor…

Yves Smith of Naked Capitalism is right – If Gillian Tett of the FT disappeared, we would be in a whole lot of trouble. I wouldn’t be surprised if a lot of central bankers rely on her reporting to…