Hints and tips:
...Henry Maxey of the Ruffer fund management group points out that the intermediation capacity of the financial sector has been significantly reduced since the start of the financial crisis....
...It follows, as Mr Maxey notes, that relaxing lending standards is perfectly rational. To increase lending volume, banks could either reduce their interest rates or reduce underwriting standards....
...problems are emerging from the deterioration of lending standards – and at their heart lie the rise of structured financial products and the role of credit rating agencies, say FT commentators, beginning with John...
...On the buses Henry Maxey, fund manager at Ruffer, is eloquent on gold....
...As Henry Maxey of the London-based Ruffer fund management group points out, the pay-off for hedge fund managers is similar to a call option bet on rising prices....
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