We’re in a solvency crisis, not a liquidity crisis, says James Ferguson. And in times like these, banks develop an appetite for risk-free assets – government bonds.
Articles written by James Ferguson
The coming recession was always going to be a bad one – booms only ever turn to busts, says James Ferguson. But when Alistair Darling said the outlook was the worst for 60 years, he was exaggerating.
With commodities no longer driving inflation, deflation is a very real risk. This has huge implications for investors with big holdings in gold. James Ferguson explains why he believes the gold price is due for a fall.
As the financial world teeters on the abyss, Hank Paulson proposed a $700bn rescue plan. But the key question for James Ferguson is, would it have done any good?
The Japanese have already had their economic crisis. And their experience tells us that state bailouts don’t necessarily make things better, and that things will be very tough for a few years yet. As for house prices…
More than two-fifths of buy-to-let landlords are still bullish. But with some investors so close to the wire already, repossessions are a distinct possibility.
James Ferguson argues that the real rate of inflation – less the cost of oil, food and housing – is low, and we are in fact entering a deflationary recession.
How is the credit crisis affecting the stockmarket? James Ferguson looks at the shares that could weather the storm best, and what you need to know before buying.
Fund managers see inflation as a real threat, but with America in – or heading for – recession, we should be more worried about deflation as consumer demand collapses. And that’s bad news for commodities, says James Ferguson.
When banks give you a higher savings rate, it’s not because they’re being generous, it’s because they have to compete for funds with more secure institutions.