Daily Archives: October 28, 2008

John Gapper

I suspect that we can add Mrs Watanabe to the list of those suffering from global financial turmoil.

The abrupt rise of the yen and the dollar against higher-yielding currencies seems to have been driven by hedge funds unwinding various forms of carry trade – borrowing in a low-yielding currency and investing in assets in higher-yield economies. This has caused havoc in financial markets in the past couple of weeks. Read more

John Gapper

I’m afraid that I have failed, until now, to post a link to my book review in last weekend’s FT of a posthumous collection of reportage by Alistair Cooke, the great British journalist and broadcaster.

The first thing that strikes one about this collection of newspaper and radio pieces that Alistair Cooke filed for the BBC and The Guardian over several decades is that he popped up everywhere. Read more