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The real clowns are the bankers

Article Abstract:

Bankers are nearly always made to look very foolish by the swings in the business cycle. As the current period of economic growth seems to be coming to an end, bankers have been caused embarrassment by the overexpansion of credit within financial markets themselves. The cost of credit to hedge funds will now rise, limiting their ability to run the sort of positions in markets they have. The banking system has sustained large losses, and this will inevitably have a negative impact on the economy.

Management, Column, Beliefs, opinions and attitudes, Financial markets, Bankers

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Son of the internet

Article Abstract:

The increase in the value of shares in Internet-related companies has been too fast, according to financier and entrepreneur Masayoshi Son. However, he is taking a long-term view, and believes that Internet-related companies represent a good investment. He forecasts that the quoted Internet sector will reach a value of $2,000 billion by 2009, from around $200 billion at present. He believes that the Internet is unique, offering both zero variable cost and infinite reach.

United States, Forecasts, trends, outlooks, Telegraph & other communications, Internet, Internet service providers, Interview, Securities, Son, Masayoshi

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