http://podcast.ft.com/index.php?sid=17 en Copyright The Financial Times Ltd 2009. 'FT' and 'Financial Times' are trademarks of the Financial Times. support@podhoster.com Mon, 18 Mar 2013 15:06:10 +0000 Sun, 20 Mar 2011 00:00:00 +0000 Pod Hoster - podhoster.com 180 http://podcast.ft.com/media/images/martin-wolf-104x104.gif http://podcast.ft.com/index.php?sid=17 Martin Wolf, the FT's chief economics commentator, reads his weekly column Martin Wolf, the FT's chief economics commentator, reads his weekly column Martin Wolf podcast@ft.com Financial Times clean no http://podcast.ft.com/index.php?sid=17&pid=1001 podcast@ft.com (Martin Wolf) Mon, 06 Dec 2010 15:28:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=1001 Martin Wolf no clean The fault lines in the currency union stand revealed. The promise was that the eurozone would deliver its members from currency crises. But, as I, and others, warned, be careful what you wish for: credit crises would replace currency crises – and these are likely to be even worse. Martin,Wolf,,FT, 00:08:01 http://podcast.ft.com/index.php?sid=17&pid=990 podcast@ft.com (Martin Wolf) Thu, 25 Nov 2010 00:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=990 Martin Wolf no clean Assets matter just as much as debt Borrowing is no sin, provided we use the funds to ensure that we bequeath a better infrastructure to the future, says Martin Wolf MartinWolf,FT,FinancialTimes,economics,debt,assets,publicspending,infastructure,investment 00:05:30 http://podcast.ft.com/index.php?sid=17&pid=991 podcast@ft.com (Martin Wolf) Tue, 23 Nov 2010 00:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=991 Martin Wolf no clean Ireland refutes the German perspective Berlin’s emphasis on deflationary adjustment in weaker countries risks turning the eurozone as a whole into a gigantic Germany, dependent on importing demand from the rest of the world, says Martin Wolf MartinWolf,FT,FinancialTimes,eurozone,debt,Greece,Ireland,Germany 00:07:03 http://podcast.ft.com/index.php?sid=17&pid=979 podcast@ft.com (Martin Wolf) Fri, 19 Nov 2010 18:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=979 Martin Wolf no clean They came; they saw; they lost. That is the reaction to what emerged on global rebalancing at the summit meeting of the Group of 20 leading countries in Seoul last week. Publicly, surplus countries persist in calling on those in deficit to deflate themselves into economic health. The consequences of this folly are now evident in the eurozone. At the world level, the US will never accept it. But, beneath the radar, something more productive may be emerging. martin,wolf,,ft,,news 00:07:13 http://podcast.ft.com/index.php?sid=17&pid=978 podcast@ft.com (Martin Wolf) Fri, 19 Nov 2010 17:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=978 Martin Wolf no clean The International Monetary Fund does not normally respond to mere journalists. But its staff have explicitly rejected my arguments on the pace of fiscal consolidation in the UK. On one point – the need for a fiscal “plan B” – the IMF takes my side in the argument with the government. This is no small victory, not least because its latest report on the UK reads, in other respects, as if dictated to it by the Treasury. Martin,Wolf,,FT 00:05:48 http://podcast.ft.com/index.php?sid=17&pid=973 podcast@ft.com (Martin Wolf) Wed, 17 Nov 2010 11:55:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=973 Martin Wolf no clean The sky is falling, scream the hysterics: the Federal Reserve is pouring forth dollars in such quantities that they will soon be worthless. Nothing could be further from the truth. As in Japan, the policy known as “quantitative easing” is far more likely to prove ineffective than lethal. It is a leaky hose, not a monetary Noah’s Flood. 00:07:50 http://podcast.ft.com/index.php?sid=17&pid=961 podcast@ft.com (Martin Wolf) Thu, 04 Nov 2010 15:58:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=961 Martin Wolf no clean The debate on “global imbalances” has gone back to the future. The proposal from Tim Geithner, the US Treasury secretary, to target the current account takes us back to the preoccupations of John Maynard Keynes at the Bretton Woods conference of July 1944. Martin,Wolf,,FT,,news,,economy 00:08:17 http://podcast.ft.com/index.php?sid=17&pid=951 podcast@ft.com (Martin Wolf) Thu, 28 Oct 2010 21:05:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=951 Martin Wolf no clean Martin Wolf admires the courage of the government as it launches its spending review without a Plan B but wonders whether the public will accept the necessary pain FT,UK,economics,coalition,spending,csr,britain,politics 00:06:34 http://podcast.ft.com/index.php?sid=17&pid=950 podcast@ft.com (Martin Wolf) Tue, 26 Oct 2010 22:26:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=950 Martin Wolf no clean A large part of the American public has forgotten the gravity of the financial heart attack that hit the US in the autumn of 2008. The Republicans have convinced many voters that the intervention by the Democrats, not the catastrophe George W Bush bequeathed, explains the malaise. Does President Obama deserve blame? No and yes, says Martin Wolf. US,Obama,FT,Democtats,Republicans,economics 00:08:05 http://podcast.ft.com/index.php?sid=17&pid=942 podcast@ft.com (Martin Wolf) Wed, 20 Oct 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=942 Martin Wolf no clean A spending review for a diminished country This may be a great policy success or the biggest fiscal blunder since the early 1930s. More likely, it will be in between, says Martin Wolf. MartinWolf,FT,FinancialTimes,CSR,spending,cuts,politics,finance,economics, 00:06:08 http://podcast.ft.com/index.php?sid=17&pid=941 podcast@ft.com (Martin Wolf) Tue, 19 Oct 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=941 Martin Wolf no clean Britain and America seek different paths from disaster With the announcement of massive cuts in government spending the UK has launched a remarkable policy experiment. The contrast with the US – which has announced none – should at least be instructive, says Martin Wolf. MartinWolf,FT,FinancialTimes,economics,QE,policy 00:08:29 http://podcast.ft.com/index.php?sid=17&pid=930 podcast@ft.com (Martin Wolf) Thu, 14 Oct 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=930 Martin Wolf no clean Why higher student fees are right The changes will bring pain. But the upside is also huge. The government should grasp this nettle now, says Martin Wolf MartinWolf,FT,economics,fees,students,university 00:05:50 http://podcast.ft.com/index.php?sid=17&pid=933 podcast@ft.com (Martin Wolf) Tue, 12 Oct 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=933 Martin Wolf no clean Why America is going to win the global currency battle US policymakers will do whatever is required to avoid deflation. Indeed, the Fed will keep going until the US is satisfactorily reflated. What that effort does to the rest of the world is not its concern, says Martin Wolf FT,MartinWolf,currency,US,economics, 00:07:46 http://podcast.ft.com/index.php?sid=17&pid=929 podcast@ft.com (Martin Wolf) Tue, 05 Oct 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=929 Martin Wolf no clean How to fight the currency wars with stubborn China The post-crisis world economy will not work so long as its most dynamic economy is also its largest capital exporter. Policies that would turn China into a net importer would benefit both its own people and the rest of the world, says Martin Wolf MartinWolf,FT,China,economics,trade,capital, 00:07:43 http://podcast.ft.com/index.php?sid=17&pid=913 podcast@ft.com (Martin Wolf) Thu, 30 Sep 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=913 Martin Wolf no clean The IMF’s foolish praise for austerity Effective policy would see the government increase its deficit and have this rise funded by the Bank of England, says Martin Wolf MartinWolf,IMF,FT,cuts,economics 00:06:13 http://podcast.ft.com/index.php?sid=17&pid=912 podcast@ft.com (Martin Wolf) Tue, 28 Sep 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=912 Martin Wolf no clean Currencies clash in new age of beggar-my-neighbour Twenty five years ago, France, West Germany, Japan, the US and the UK met at the Plaza Hotel in New York and agreed to push for depreciation of the US dollar. Today America has the same desire. But this time, the focus of attention is not a compliant ally, such as Japan, but the world’s next superpower: China. When such elephants fight, bystanders are likely to be trampled, says Martin Wolf MartinWolf,FT,currencies,economics,FinancialTimes 00:08:47 http://podcast.ft.com/index.php?sid=17&pid=902 podcast@ft.com (Martin Wolf) Thu, 23 Sep 2010 17:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=902 Martin Wolf no clean Who dares to make such a downbeat assessment of the world’s most dynamic economy before a gathering of influential foreigners in the heart of China itself? Martin,Wolf,,FT 00:09:23 http://podcast.ft.com/index.php?sid=17&pid=903 podcast@ft.com (Martin Wolf) Thu, 16 Sep 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=903 Martin Wolf no clean The risks of premature tightening It would be more sensible to make plans for fiscal retrenchment that are explicitly contingent on how the economy recovers, says Martin Wolf MartinWolf,FT,finance,fiscal,policy,economics 00:06:20 http://podcast.ft.com/index.php?sid=17&pid=899 podcast@ft.com (Martin Wolf) Tue, 14 Sep 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=899 Martin Wolf no clean Basel: the mouse that did not roar The world needs a smaller and safer banking industry. The defect of the new rules is that they will fail to deliver this, says Martin Wolf FT,economics,Basel,debt,capital,MartinWolf 00:08:30 http://podcast.ft.com/index.php?sid=17&pid=893 podcast@ft.com (Martin Wolf) Tue, 07 Sep 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=893 Martin Wolf no clean Germans are wrong: the eurozone is good for them Germany has an enormous political and economic interest in making the eurozone work, however unpopular that view may be, says Martin Wolf Martin,Wolf,FT,Germany,eurozone,euro,economics 00:08:15 http://podcast.ft.com/index.php?sid=17&pid=879 podcast@ft.com (Martin Wolf) Thu, 02 Sep 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=879 Martin Wolf no clean Why the Balls critique is correct The market is screaming its lack of concern about UK fiscal credibility. Government debt is long-term and denominated in the domestic currency. We are terrified of a confidence bogey who is asleep, says Martin Wolf Martin,Wolf,Ed,Balls,fiscal,policy,economics,FT,government,debt 00:05:49 http://podcast.ft.com/index.php?sid=17&pid=878 podcast@ft.com (Martin Wolf) Tue, 31 Aug 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=878 Martin Wolf no clean Obama was too cautious in fearful times The idea that the policies adopted in the last few months of the Bush administration and the first months of this one were far better than nothing is weirdly controversial in the US, says Martin Wolf Martin,Wolf,Obama,economics,FT,US,fiscal,policy 00:07:57 http://podcast.ft.com/index.php?sid=17&pid=869 podcast@ft.com (Martin Wolf) Thu, 22 Jul 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=869 Martin Wolf no clean Why Britain does not need a graduate tax One big drawback is that it would again put allocation of funds under the control of the state, says Martin Wolf graduate,tax,martin,wolf,FT,Financial,Times,university,funding,economics 00:04:54 http://podcast.ft.com/index.php?sid=17&pid=868 podcast@ft.com (Martin Wolf) Sun, 18 Jul 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=868 Martin Wolf no clean The austerity debate: To tighten or not to tighten – that is the question. It is one to which policymakers have started changing their answers. Are they right to do so? This is the issue addressed in the Financial Times this week, writes Martin Wolf The austerity debate: To tighten or not to tighten – that is the question. It is one to which policymakers have started changing their answers. Are they right to do so?, asks Martin Wolf Martin,Wolf,FT,Financial,Times,economics,austerity,fiscal,policy 00:08:56 http://podcast.ft.com/index.php?sid=17&pid=842 podcast@ft.com (Martin Wolf) Tue, 13 Jul 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=842 Martin Wolf no clean Three years and new fault lines threaten Leaders of the world’s principal economies – both advanced and emerging – will need to reform co-operatively and deeply if the world economy is not to suffer further earthquakes, says Martin Wolf Economy,Wolf,Financial,FT 00:07:34 http://podcast.ft.com/index.php?sid=17&pid=836 podcast@ft.com (Martin Wolf) Thu, 08 Jul 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=836 Martin Wolf no clean Why we must halt the land cycle Ruinous trust in land speculation as the route to wealth has led to expensive houses and inefficient taxes but, far worse, it ended up destabilising the entire global economy, says Martin Wolf Martin,Wolf,housing,costs,land,economics,global,economic,crisis 00:06:32 http://podcast.ft.com/index.php?sid=17&pid=835 podcast@ft.com (Martin Wolf) Tue, 06 Jul 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=835 Martin Wolf no clean Demand shortfall casts doubt on early austerity Rapid cuts in fiscal support make sense if, and only if, monetary policy can be effective on its own and expanding the interest-elastic parts of the economy is the best way to climb out of the hole, writes Martin Wolf Martin,Wolf,FT,economics,financial,fiscal,cuts,deficit 00:08:38 http://podcast.ft.com/index.php?sid=17&pid=826 podcast@ft.com (Martin Wolf) Mon, 05 Jul 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=826 Martin Wolf no clean Was the summit of the Group of 20 leading economies in Canada over the weekend a step forward towards co-operation or a step backwards towards disagreement? The answer seems to be both. Martin,Wolf,,FT,,economy,,business,,finance 00:07:57 http://podcast.ft.com/index.php?sid=17&pid=820 podcast@ft.com (Martin Wolf) Thu, 24 Jun 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=820 Martin Wolf no clean The risks of Osborne’s pre-emptive strike The balance of cuts that the chancellor has set out is unlikely to prove politically sustainable, let alone sensible, says Martin Wolf Osborne,Wolf,FT 00:05:39 http://podcast.ft.com/index.php?sid=17&pid=819 podcast@ft.com (Martin Wolf) Tue, 22 Jun 2010 09:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=819 Martin Wolf no clean A bloodbath none was prepared for Perhaps only a young government – in age and in time in office – would gamble so much on such a fast adjustment, says Martin Wolf UK,Budget,Wolf 00:08:28 http://podcast.ft.com/index.php?sid=17&pid=818 podcast@ft.com (Martin Wolf) Tue, 22 Jun 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=818 Martin Wolf no clean Why it is right for central banks to keep printing At present, we have ‘too little money chasing too many goods’. In this environment, monetary policy must be aggressive. When the economy recovers, the monetary effects should be withdrawn, says Martin Wolf Wolf,economics,banking 00:07:27 http://podcast.ft.com/index.php?sid=17&pid=804 podcast@ft.com (Martin Wolf) Wed, 16 Jun 2010 09:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=804 Martin Wolf no clean Why plans for early fiscal tightening carry global risks Yet again, we hear the cry of the old economic religion: repent before it is too late; the wages of fiscal sin is death. But is it already time to retrench? I doubt it, says Martin Wolf fiscal,deficits,,martin,wolf,, 00:07:41 http://podcast.ft.com/index.php?sid=17&pid=799 podcast@ft.com (Martin Wolf) Thu, 10 Jun 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=799 Martin Wolf no clean A question for chancellor Osborne Congratulations, Mr Osborne, on "hitting the ground running". You have made good decisions already. So far, so good. But here is my question: what is your "plan B"? , asks Martin Wolf osborne,,budget,,keynesian,economics,,demand 00:06:06 http://podcast.ft.com/index.php?sid=17&pid=798 podcast@ft.com (Martin Wolf) Tue, 08 Jun 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=798 Martin Wolf no clean Fear must not blind us to deflation's dangers A consensus is forming that policymakers in countries with large fiscal deficits should tighten fiscal policy sharply – but what makes them sure that business and consumers will spend in response to austerity? asks Martin Wolf martin,wolf,,fiscal,deficits,,austerity 00:08:00 http://podcast.ft.com/index.php?sid=17&pid=790 podcast@ft.com (Martin Wolf) Tue, 01 Jun 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=790 Martin Wolf no clean The grasshoppers and the ants – elucidating the fable Flows of finance from export-driven ant nests to advanced grasshopper colonies end in tears. Flows of finance from old ant nests to young ones have not worked out either, says Martin Wolf Martin,Wolf,FT,economics,capital,markets,economic,crisis 00:07:28 http://podcast.ft.com/index.php?sid=17&pid=789 podcast@ft.com (Martin Wolf) Fri, 28 May 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=789 Martin Wolf no clean An ABC of financial shocks and fiscal aftershocks ‘If the forecasts are true,’ asked Bobby, ‘why do all these people talk about ‘instability’? Martin Wolf responds Martin,Wolf,FT,economics,fiscal,crisis,eurozone 00:06:39 http://podcast.ft.com/index.php?sid=17&pid=783 podcast@ft.com (Martin Wolf) Thu, 27 May 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=783 Martin Wolf no clean Spare Britain the policy hair shirt The OECD seems to take the view that they only big risk is a loss of fiscal and monetary ‘credibility’. But Martin Wolf argues a lengthy floundering economy is a more serious risk Martin,Wolf,FT,economics,policy,eurozone,fiscal,recovery,debt 00:05:58 http://podcast.ft.com/index.php?sid=17&pid=782 podcast@ft.com (Martin Wolf) Tue, 25 May 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=782 Martin Wolf no clean The grasshoppers and the ants – a modern fable Today’s global economy is more complex than Aesop could have imagined. What would be the moral of a contemporary version of his famous story where the “ants” are Germans, Chinese and Japanese, while the “grasshoppers” are American, British, Greek, Irish and Spanish, asks Martin Wolf Martin,Wolf,economics,FT,eurozone,fiscal,debt 00:07:40 http://podcast.ft.com/index.php?sid=17&pid=773 podcast@ft.com (Martin Wolf) Tue, 18 May 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=773 Martin Wolf no clean Eurozone plays 'beggar my neighbour' Despite today’s gloom and doom, the eurozone will probably survive. But the view that everything would now be fine had fiscal rules been followed is wrong. The private sector’s irresponsibility was the biggest failing, says Martin Wolf Martin,Wolf,eurozone,euro,fiscal,economics,FT,finance 00:07:44 http://podcast.ft.com/index.php?sid=17&pid=767 podcast@ft.com (Martin Wolf) Thu, 13 May 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=767 Martin Wolf no clean The economic legacy of Mr Brown Everybody would like to blame Gordon Brown for the financial crisis. But he was only acting in line with the national consensus on economic policy, says Martin Wolf Gordon,Brown,economic,policy,growth,martin,wolf, 00:06:32 http://podcast.ft.com/index.php?sid=17&pid=766 podcast@ft.com (Martin Wolf) Tue, 11 May 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=766 Martin Wolf no clean Governments up the stakes in their fight with markets The German inclination is to believe that everything would be fine if deficit countries were placed under greater discipline. This is false. The answer, instead, is to create a system that recognises and responds to reality, says Martin Wolf Martin,Wolf,FT,debt,crisis,greek,euro,economics, 00:08:01 http://podcast.ft.com/index.php?sid=17&pid=753 podcast@ft.com (Martin Wolf) Fri, 07 May 2010 12:50:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=753 Martin Wolf no clean Desperate times - desperate measures, says Martin. Martin,Wolf,,FT 00:07:55 http://podcast.ft.com/index.php?sid=17&pid=751 podcast@ft.com (Martin Wolf) Thu, 06 May 2010 14:57:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=751 Martin Wolf no clean Martin finds himself in New York for the election - which he says gives him a sense of perspective. Martin,Wolf,,FT 00:06:26 http://podcast.ft.com/index.php?sid=17&pid=750 podcast@ft.com (Martin Wolf) Thu, 06 May 2010 12:47:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=750 Martin Wolf no clean To make anything close to the present system less unsafe says Martin, requires radical changes in the rules - tighter supervision is not enough - incentives must change fundamentally. Martin,Wolf,,FT 00:07:37 http://podcast.ft.com/index.php?sid=17&pid=749 podcast@ft.com (Martin Wolf) Thu, 06 May 2010 11:58:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=749 Martin Wolf no clean Peopel pay too much attention to the direct costs of bailouts says Martin and not enough to the costs which matter - those of the recession itself and the huge jump in public cost. Martin,Wolf,,FT,, 00:08:18 http://podcast.ft.com/index.php?sid=17&pid=734 podcast@ft.com (Martin Wolf) Tue, 20 Apr 2010 18:17:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=734 Martin Wolf no clean Growth is the fix for British finances Martin Wolf asks what is the right economic medicine for the UK? He argues that rebalancing the economy towards higher investment and higher net exports is a big part of the answer. Martin,Wolf,,FT,,UK,economy 00:06:32 http://podcast.ft.com/index.php?sid=17&pid=732 podcast@ft.com (Martin Wolf) Mon, 19 Apr 2010 16:30:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=732 Martin Wolf no clean UK economy must perform a rebalancing act Today's fiscal deficits exceed those of any previous periods in peace time. Martin Wolf talks about the importance timing will play if the balance is to be redressed successfully. Martin,Wolf,,FT,,UK,economy 00:07:54 http://podcast.ft.com/index.php?sid=17&pid=727 podcast@ft.com (Martin Wolf) Fri, 09 Apr 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=727 Martin Wolf no clean Evaluating the renminbi manipulation Is China a currency manipulator? Yes. China has intervened on a gigantic scale to keep its exchange rate down and it is also protectionist. Martin,Wolf,FT,China,economics,currency, 00:08:40 http://podcast.ft.com/index.php?sid=17&pid=720 podcast@ft.com (Martin Wolf) Wed, 31 Mar 2010 00:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=720 Martin Wolf no clean Why Germany cannot be a model for the eurozone Last week’s European Council was not a solution but a fudge. The IMF cannot save Europe Martin,Wolf,FT,economics,Europe,Euro,Eurozone,Germany,export,politics 00:08:28 http://podcast.ft.com/index.php?sid=17&pid=712 podcast@ft.com (Martin Wolf) Fri, 26 Mar 2010 00:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=712 Martin Wolf no clean ‘Back to the future’ imperils Britain The party that deserves to win the UK election must craft a narrative that creates opportunity out of disappointment, says Martin Wolf UK,election, 00:06:59 http://podcast.ft.com/index.php?sid=17&pid=713 podcast@ft.com (Martin Wolf) Wed, 24 Mar 2010 00:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=713 Martin Wolf no clean Mistakes that drained the fiscal reservoir The government is offering a delayed return to fiscal stability, with details still to be filled in. Is that good enough? No, says Martin Wolf budget,UK, 00:08:39 http://podcast.ft.com/index.php?sid=17&pid=714 podcast@ft.com (Martin Wolf) Tue, 23 Mar 2010 00:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=714 Martin Wolf no clean Excessive virtue can be a vice for the world economy Germany is wrong to reject a role in rebalancing global demand, says Martin Wolf. Beggar-my-neighbour policies to boost exports cannot work for everybody Germany,eurozone 00:07:42 http://podcast.ft.com/index.php?sid=17&pid=715 podcast@ft.com (Martin Wolf) Tue, 16 Mar 2010 00:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=715 Martin Wolf no clean China and Germany unite to impose global deflation Suggestions from Schäuble and Wen would hit their own economies if followed through, says Martin Wolf. But it is not too late for a co-operative Germany,China 00:08:20 http://podcast.ft.com/index.php?sid=17&pid=707 podcast@ft.com (Martin Wolf) Thu, 11 Mar 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=707 Martin Wolf no clean The British election that both sides deserve to lose At a time of crisis, the UK has to choose between a government about which it knows far too much and an opposition about which it knows far too little. Neither side is convincing, says Martin Wolf Martin,Wolf,election,Tories,Labour,politics,economics 00:07:12 http://podcast.ft.com/index.php?sid=17&pid=708 podcast@ft.com (Martin Wolf) Tue, 09 Mar 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=708 Martin Wolf no clean Germany's eurozone crisis nightmare he twin imperatives of sound money and European integration are clashing. Ironically, Germany must become less German if the eurozone is to become more so, says Martin Wolf Martin,Wolf,FT,economics,Germany,Euro,Greece,politics 00:08:25 http://podcast.ft.com/index.php?sid=17&pid=693 podcast@ft.com (Martin Wolf) Tue, 02 Mar 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=693 Martin Wolf no clean India’s elephant charges on through the crisis The world’s biggest democracy has changed, says Martin Wolf. But economic pragmatism alone will not be enough: reforms are still needed Wolf,India,economy 00:08:36 http://podcast.ft.com/index.php?sid=17&pid=689 podcast@ft.com (Martin Wolf) Thu, 25 Feb 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=689 Martin Wolf no clean How unruly economists can agree Both sides of the debate can be right, says Martin Wolf. The public finances must be credible, but further unnecessary economic damage needs to be avoided Economists,debate,Wolf 00:06:33 http://podcast.ft.com/index.php?sid=17&pid=685 podcast@ft.com (Martin Wolf) Tue, 23 Feb 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=685 Martin Wolf no clean Finding an exit route from the extraordinary government deficits could lead to default unless there is a radical rethink, says Martin Wolf deficits,economics 00:08:15 http://podcast.ft.com/index.php?sid=17&pid=678 podcast@ft.com (Martin Wolf) Tue, 16 Feb 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=678 Martin Wolf no clean How to walk the fiscal tightrope that lies before us Today, high-income countries face huge fiscal challenges crisis-hit countries start from grossly unsustainable fiscal positions. But massive fiscal tightening could tip much of the world back into recession, says Martin Wolf economics,fiscal,wolf 00:07:59 http://podcast.ft.com/index.php?sid=17&pid=679 podcast@ft.com (Martin Wolf) Thu, 11 Feb 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=679 Martin Wolf no clean Britain can love hung parliaments Martin Wolf says he can see no reason why it would be more difficult to implement the needed tightening under a coalition government UK,parliament,Wolf 00:06:09 http://podcast.ft.com/index.php?sid=17&pid=680 podcast@ft.com (Martin Wolf) Tue, 09 Feb 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=680 Martin Wolf no clean Europe needs German consumers Greece fills the role of sinner to perfection, but if it and the rest of the peripheral European countries are to avoid meltdown they need a core demand engine within the eurozone, says Martin Wolf Greece,Wolf,economics,Germany 00:07:57 http://podcast.ft.com/index.php?sid=17&pid=681 podcast@ft.com (Martin Wolf) Tue, 02 Feb 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=681 Martin Wolf no clean What the world must do to sustain its convalescence The policy interventions of late 2008 and 2009 resulted in a far briefer and shallower recession than most imagined a year ago. The big questions for this year are how quickly to withdraw the monetary and fiscal stimulus and which should be withdrawn first, says Martin Wolf economics,Wolf 00:08:06 http://podcast.ft.com/index.php?sid=17&pid=682 podcast@ft.com (Martin Wolf) Thu, 28 Jan 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=682 Martin Wolf no clean Britain’s strategic chocolate dilemma Corporate takeovers are in the spotlight again after Kraft’s successful bid for Cadbury. Martin Wolf asks whether it makes sense to run a regime as open as the UK’sCorporate takeovers are in the spotlight again after Kraft’s successful bid for Cadbury. Martin Wolf asks whether it makes sense to run a regime as open as the UK’s 00:08:06 http://podcast.ft.com/index.php?sid=17&pid=670 podcast@ft.com (Martin Wolf) Tue, 26 Jan 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=670 Martin Wolf no clean Volcker’s axe is not enough to cut banks to size Obama’s latest proposals for bank reform miss the point, says Martin Wolf. They may or may not be workable, but they do nothing to create a sustainable finance sector Volcker,Obama,economics 00:07:35 http://podcast.ft.com/index.php?sid=17&pid=664 podcast@ft.com (Martin Wolf) Tue, 19 Jan 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=664 Martin Wolf no clean The Greek tragedy deserves a global audience The problems of Greece are extreme, because it alone of the vulnerable eurozone member countries has both high fiscal deficits and high debt. Some say it should be bailed out, but there are two other possibilities – it toughs it out or just defaults, says Martin Wolf Greece,economics,Wolf 00:07:55 http://podcast.ft.com/index.php?sid=17&pid=663 podcast@ft.com (Martin Wolf) Thu, 14 Jan 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=663 Martin Wolf no clean How the Icelandic saga should end The combination of cross-border banking with generous guarantees to creditors is unsustainable. Taxpayers cannot be expected to write open-ended insurance on the foreign activities of their banks, says Martin Wolf Wolf,Iceland,Economics 00:05:54 http://podcast.ft.com/index.php?sid=17&pid=662 podcast@ft.com (Martin Wolf) Tue, 12 Jan 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=662 Martin Wolf no clean What we can learn from Japan’s decades of trouble Japan’s experience indicates that when fast growth begins to slow in a catch-up economy with high corporate savings and comparably high fixed investment, demand may well prove hard to manage, says Martin Wolf Economics,Japan,Wolf 00:07:24 http://podcast.ft.com/index.php?sid=17&pid=652 podcast@ft.com (Martin Wolf) Tue, 05 Jan 2010 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=652 Martin Wolf no clean The eurozone’s next decade will be tough The countries on the periphery of Europe’s single currency are in deep trouble thanks to the imbalances within the eurozone, says Martin Wolf. And none of the solutions looks palatable eurozone,currency, 00:07:44 http://podcast.ft.com/index.php?sid=17&pid=651 podcast@ft.com (Martin Wolf) Tue, 29 Dec 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=651 Martin Wolf no clean The challenges of managing our post-crisis world The underpinnings of our global economy and so of our globalised civilisation remain dangerously fragile. Somehow, we must manage to sustain a dynamic global economy, promote development, deliver environmental sustainability and ensure peaceful and co-operative international relations, says Martin Wolf globalisation,economy 00:07:04 http://podcast.ft.com/index.php?sid=17&pid=650 podcast@ft.com (Martin Wolf) Wed, 23 Dec 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=650 Martin Wolf no clean How the noughties were a hinge of history The rest of the world was inclined to believe that the west, whatever its faults, knew what it was doing. But then the teacher failed the examination, says Martin Wolf Decade,noughties,west 00:07:13 http://podcast.ft.com/index.php?sid=17&pid=647 podcasts@ft.com (Martin Wolf) Thu, 17 Dec 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=647 Martin Wolf no no Those parts of public sector spending that sustain the long-term health of the economy should not be sacrificed, says Martin Wolf wolf,ft 00:05:56 http://podcast.ft.com/index.php?sid=17&pid=646 podcasts@ft.com (Martin Wolf) Tue, 15 Dec 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=646 Martin Wolf no no Not only has the UK had a financial crisis, with the usual severe impact on output and the public finances; it has also been a ‘monocrop’ economy, with finance itself acting as the ‘crop’, says Martin Wolf wolf,ft 00:08:06 http://podcast.ft.com/index.php?sid=17&pid=645 podcasts@ft.com (Martin Wolf) Tue, 08 Dec 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=645 Martin Wolf no no What we are seeing is a failure of adjustment to changes in global competitiveness that has unhappy precedents, notably during the 1920s and 1930s, with the rise of the US, and during the 1960s and 1970s, with the rise of Europe and Japan, says Martin Wolf wolf,ft,china 00:07:44 http://podcast.ft.com/index.php?sid=17&pid=644 podcasts@ft.com (Martin Wolf) Thu, 03 Dec 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=644 Martin Wolf no no The era of reforms from Thatcher through to New Labour led to rapid growth which, even after recent falls, has left Britain better placed than most major economies, says Martin Wolf 00:06:23 http://podcast.ft.com/index.php?sid=17&pid=643 podcasts@ft.com (Martin Wolf) Tue, 01 Dec 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=643 Martin Wolf no no Next week’s summit will fall short, but at least there is now broad agreement that action is needed to tackle climate change, says Martin Wolf. Solving the problem needs a stable price for carbon, needs wealthy countries to pay up and needs big subsidies for new technology 00:08:25 http://podcast.ft.com/index.php?sid=17&pid=625 podcast@ft.com (Martin Wolf) Tue, 24 Nov 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=625 Martin Wolf no clean Give us fiscal austerity, but not quite yet Slashing deficits now would be wrong, argues Martin Wolf. What is needed, instead, are credible fiscal institutions and a road map for tightening that will be implemented, automatically, as and when the private sector's spending recovers deficits,,fiscal,tightening 00:08:31 http://podcast.ft.com/index.php?sid=17&pid=617 podcast@ft.com (Martin Wolf) Thu, 19 Nov 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=617 Martin Wolf no no Tax the windfall banking bonuses to banks is to restore the financial system to health, not to enrich bankers, says Martin Wolf tax,windfall,bonuses 00:05:45 http://podcast.ft.com/index.php?sid=17&pid=613 podcast@ft.com (Martin Wolf) Tue, 17 Nov 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=613 Martin Wolf no clean Grim truths Obama should have told Hu Obama should have made clear the need for China to revalue its currency and rebalance the global economy when he met Hu Jintao, says Martin Wolf. He could reasonably threaten punitive action, such is the need for change Obama,China 00:07:53 http://podcast.ft.com/index.php?sid=17&pid=610 podcast@ft.com (Martin Wolf) Tue, 10 Nov 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=610 Martin Wolf no clean Victory in the cold war was a start as well as an ending Has capitalism failed, as communism did? No. Some transition countries are in crisis; but transition itself is not. Liberal democracies and market economies can reform and adapt. They have shown these qualities before. They must do so again, says Martin Wolf Capitalism 00:07:12 http://podcast.ft.com/index.php?sid=17&pid=608 podcast@ft.com (Martin Wolf) Thu, 05 Nov 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=608 Martin Wolf no clean Time for a debate on immigration Diversity brings social benefits, but also costs, arising from declining trust and erosion of a sense of shared values, says Martin Wolf immigration 00:05:59 http://podcast.ft.com/index.php?sid=17&pid=607 podcast@ft.com (Martin Wolf) Tue, 03 Nov 2009 05:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=607 Martin Wolf no clean Private behaviour will shape our path to fiscal stability It is idiotic to discuss the reduction of the huge fiscal deficits, without considering the nature of the offsetting adjustments in the private and external sectors. Some adjustments would be desirable, but others would be extremely perilous, says Martin Wolf fiscal,deficits 00:07:45 http://podcast.ft.com/index.php?sid=17&pid=600 podcast@ft.com (Martin Wolf) Tue, 27 Oct 2009 16:00:00 +0000 http://podcast.ft.com/index.php?sid=17&pid=600 Martin Wolf no clean How mistaken ideas helped to bring the economy down The era when central banks could target inflation and assume that what was happening in asset and credit markets was no concern of theirs is over. Not only can asset prices be valued; they have to be, argues Martin Wolf central,banks,,inflation,,asset,prices 00:07:14 http://podcast.ft.com/index.php?sid=17&pid=596 podcast@ft.com (Martin Wolf) Fri, 23 Oct 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=596 Martin Wolf no no Why curbing finance is hard to do There is a way of making finance safe. But it would be radical: deposits would be 100 per cent reserve backed; and the liabilities of other investment vehicles would be adjusted for the market value of their assets at all times. Banking would disappear, argues Martin Wolf. curbing,banks,,mervyn,king, 00:05:59 http://podcast.ft.com/index.php?sid=17&pid=602 podcast@ft.com (Martin Wolf) Tue, 20 Oct 2009 20:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=602 Martin Wolf no clean How to manage the gigantic financial cuckoo in our nest This recovery has been no accident. When central bank money is almost free, prices of risky assets are recovering, competitors have disappeared or are weakened, making money is a relatively simple matter for the strong survivors, argues Martin Wolf bonuses,,recovery,,asset,prices 00:07:23 http://podcast.ft.com/index.php?sid=17&pid=574 podcast@ft.com (Martin Wolf) Tue, 13 Oct 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=574 Martin Wolf no no Rumours of the dollar’s death are much exaggerated Recent figures have proved that the dollar’s fall is a symptom of success, not of failure. All the same, the dollar-based global monetary system is defective. It would be good to start building alternative arrangements, says Martin Wolf dollar,currency,global,monetary 00:07:31 http://podcast.ft.com/index.php?sid=17&pid=572 podcast@ft.com (Martin Wolf) Mon, 12 Oct 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=572 Martin Wolf no no Britain’s phoney debate on slashing spending In deciding what to do about the UK's general government deficit, we must recognise the uncertainties: we do not know how big the “structural” fiscal deficit is; we do not know how long correction can be delayed before investors lose confidence; and we do not know how far a fiscal tightening will weaken aggregate demand. But the costs of being too optimistic are likely to be higher than of being too pessimistic. That should determine how policymakers respond. deficit 00:05:15 http://podcast.ft.com/index.php?sid=17&pid=569 podcast@ft.com (Martin Wolf) Tue, 06 Oct 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=569 Martin Wolf no no Finding a route to recovery and reform gets tough now The economy is back on track, but it is too soon to celebrate victory, says Martin Wolf. Rebalancing, reform and regulation are still needed, none of which will be easy. Resistance from the banks is already threatening to poison the political debate. reform,regulation,resistance,banks,economy 00:07:47 http://podcast.ft.com/index.php?sid=17&pid=565 podcast@ft.com (Martin Wolf) Tue, 29 Sep 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=565 Martin Wolf no no Why narrow banking alone is not the finance solution Demanding that banks act as narrow utilities solves the problem of the financial system taking control of the power to print money, but would need to be paired with a ban on other forms of banking. Such radical ideas may yet be entertained, says Martin Wolf narrow,utilities,banks 00:07:24 http://podcast.ft.com/index.php?sid=17&pid=566 podcast@ft.com (Martin Wolf) Mon, 28 Sep 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=566 Martin Wolf no no This time will never be different Martin Wolf welcomes a seminal empirical study of the frequently repeated cycles of euphoria, panic and default in public debt and global finance euphoria,panic,public,debt,global,finance 00:05:10 http://podcast.ft.com/index.php?sid=17&pid=562 podcast@ft.com (Martin Wolf) Thu, 24 Sep 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=562 Martin Wolf no no Why Vince Cable’s mansions tax is right Only in a country both besotted with property and determined to tax the middle classes, rather than the hugely wealthy, would people object to this obviously just idea, says Martin Wolf Vince,Cable,tax,property,Britain 00:06:18 http://podcast.ft.com/index.php?sid=17&pid=568 podcast@ft.com (Martin Wolf) Tue, 22 Sep 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=568 Martin Wolf no no Why China must do more to rebalance its economy Remember how poor hundreds of millions of Chinese still are. Then consider that the net transfer of resources abroad was equal to a third of personal consumption. China needs to increase consumption, and that means revaluing the currency, says Martin Wolf china,currency,economy,consumption 00:07:47 http://podcast.ft.com/index.php?sid=17&pid=561 podcast@ft.com (Martin Wolf) Tue, 15 Sep 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=561 Martin Wolf no no Do not learn wrong lessons from Lehman’s fall, says Martin Wolf No normal profit-seeking business can operate without a credible threat of bankruptcy, says Martin Wolf Lehman,bankruptcy,financial,crisis 00:07:49 http://podcast.ft.com/index.php?sid=17&pid=564 podcast@ft.com (Martin Wolf) Sun, 13 Sep 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=564 Martin Wolf no no Wheel of fortune turns as China outdoes the west China has emerged as the most significant winner from the global financial crisis. At the end of 2008, many questioned whether China would achieve its growth target of 8 per cent in 2009. Who now dares to do so?, asks Martin Wolf China,financial,crisis,growth,targets 00:04:55 http://podcast.ft.com/index.php?sid=17&pid=558 podcast@ft.com (Martin Wolf) Thu, 10 Sep 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=558 Martin Wolf no no Turner is asking the right questions on finance The debate is the right one but the more one analyses the debate and what is happening, the more difficult it is to believe that a safer and more responsible industry is emerging, argues Martin Wolf Turner,,Wolf,,banking 00:05:59 http://podcast.ft.com/index.php?sid=17&pid=557 podcast@ft.com (Martin Wolf) Tue, 08 Sep 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=557 Martin Wolf no no It is too early for the Group of 20 leading economies to pat themselves on the back The rescue of the financial system, unprecedented monetary easing and fiscal expansion have indeed put a floor under the world economy. But it is too early for the Group of 20 leading economies to pat themselves on the back, argues Martin Wolf G20,,martin,wolf,,FT 00:08:13 http://podcast.ft.com/index.php?sid=17&pid=521 podcast@ft.com (Martin Wolf) Tue, 07 Jul 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=521 Martin Wolf no clean What would need to change if India were to become an affluent country in one generation? A great deal, says Martin Wolf, but the goal is not laughable. What would need to change if India were to become an affluent country in one generation? A great deal, says Martin Wolf Martin,Wolf,,India,,China,,global,economy 00:08:37 http://podcast.ft.com/index.php?sid=17&pid=520 podcast@ft.com (Martin Wolf) Thu, 02 Jul 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=520 Martin Wolf no clean One of the results of this whole crisis is to imperil central bank independence and not just in the UK, says Martin Wolf One of the results of this whole crisis is to imperil central bank independence and not just in the UK, says Martin Wolf martin,worlf,,central,bankers,,europe,,gordon,brown,,mervyn,king 00:06:48 http://podcast.ft.com/index.php?sid=17&pid=523 podcast@ft.com (Martin Wolf) Tue, 30 Jun 2009 05:00:00 +0100 http://podcast.ft.com/index.php?sid=17&pid=523 Martin Wolf no clean Already the panic of 2008 is fading, yet without radical changes another crisis is certain, says Martin Wolf Already the panic of 2008 is fading, yet without radical changes another crisis is certain, says Martin Wolf Martin,Wolf,,banks,,regulatory,reform,,US,treasury 00:08:43 http://podcast.ft.com/index.php?sid=17&pid=317 support@ft.com (Martin Wolf) Thu, 18 Jun 2009 05:00:00 +0100 http://tamborcast.com/media/1016.guid Martin Wolf no no Cuts in real spending are as inevitable under Labour as under the Tories. The only question is where they might fall, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=318 support@ft.com (Martin Wolf) Tue, 16 Jun 2009 05:00:00 +0100 http://tamborcast.com/media/1013.guid Martin Wolf no no The great likelihood is that the world economy will need aggressive monetary and fiscal policies far longer than many believe, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=319 support@ft.com (Martin Wolf) Tue, 09 Jun 2009 05:00:00 +0100 http://tamborcast.com/media/1012.guid Martin Wolf no no If China wants its claims on the US to be safe, it must facilitate an adjustment in the global balance of payments. If it and other surplus countries wish to run huge surpluses and accumulate vast financial claims, they should expect defaults, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=320 support@ft.com (Martin Wolf) Thu, 04 Jun 2009 05:00:00 +0100 http://tamborcast.com/media/1011.guid Martin Wolf no no Most of the deficit increase came from a surge in spending and most of the drop must be from spending curbs, says Martin Wolf 00:04:20 http://podcast.ft.com/index.php?sid=17&pid=321 support@ft.com (Martin Wolf) Tue, 02 Jun 2009 05:00:00 +0100 http://tamborcast.com/media/1010.guid Martin Wolf no no Martin Wolf says there are powerful arguments against fiscal retrenchment right now and he welcomes recent moves in the bond markets 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=322 support@ft.com (Martin Wolf) Thu, 21 May 2009 05:00:00 +0100 http://tamborcast.com/media/994.guid Martin Wolf no no How should one manage a sector that produces such 'bads'? The answer is: in the same way as any polluting activity, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=323 support@ft.com (Martin Wolf) Tue, 19 May 2009 05:00:00 +0100 http://tamborcast.com/media/991.guid Martin Wolf no no Is the current crisis a watershed, with market-led globalisation, financial capitalism and western domination on the one side and protectionism, regulation and Asian predominance on the other? Or will historians judge it, instead, as an event caused by fools, signifying little, asks Martin Wolf 00:05:39 http://podcast.ft.com/index.php?sid=17&pid=324 support@ft.com (Martin Wolf) Tue, 12 May 2009 05:00:00 +0100 http://tamborcast.com/media/983.guid Martin Wolf no no The more the crisis unfolds, the more evident it is that incentives in the financial system were (and are) badly distorted, says Martin Wolf. At the end, will the number of institutions thought 'too big to fail' be as large as now and, if so, how will they be controlled? 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=325 support@ft.com (Martin Wolf) Thu, 07 May 2009 05:00:00 +0100 http://tamborcast.com/media/972.guid Martin Wolf no no The UK has lost control over public spending. Like it or not, voters must elect a government willing to get it back, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=326 support@ft.com (Martin Wolf) Tue, 05 May 2009 05:00:00 +0100 http://tamborcast.com/media/971.guid Martin Wolf no no Over almost three decades, policymakers became ever more confident they had found, in inflation targeting, the holy grail of fiat (or man-made) money. Today, they are struggling with the deepest recession since the 1930s and the danger of deflation. How can it have gone so wrong, asks Martin Wolf 00:05:37 http://podcast.ft.com/index.php?sid=17&pid=327 support@ft.com (Martin Wolf) Tue, 28 Apr 2009 05:00:00 +0100 http://tamborcast.com/media/970.guid Martin Wolf no no The largest economies have made the fundamental decision to prevent bankruptcy, but this is only the first step on the long road to financial health. Those who hope for a swift return to what they thought normal two years ago are deluded, says Martin Wolf 00:05:18 http://podcast.ft.com/index.php?sid=17&pid=328 support@ft.com (Martin Wolf) Thu, 23 Apr 2009 05:00:00 +0100 http://tamborcast.com/media/969.guid Martin Wolf no no Fiscal deterioration in the UK and declines in manufactured output in Germany and Japan are two sides of one coin, says Martin Wolf 00:04:06 http://podcast.ft.com/index.php?sid=17&pid=329 support@ft.com (Martin Wolf) Tue, 21 Apr 2009 05:00:00 +0100 http://tamborcast.com/media/982.guid Martin Wolf no no Is the worst behind us? In a word, No. The rate of economic decline is decelerating. But it is too soon even to be sure of a turnround, let alone of a return to rapid growth. These are still early days, argues Martin Wolf. 00:05:20 http://podcast.ft.com/index.php?sid=17&pid=330 support@ft.com (Martin Wolf) Fri, 17 Apr 2009 05:00:00 +0100 http://tamborcast.com/media/951.guid Martin Wolf no no Decisive restructuring is necessary, because bankruptcy - and so losses for unsecured creditors - must be a part of any durable solution to this economic crisis, says Martin Wolf 00:05:26 http://podcast.ft.com/index.php?sid=17&pid=331 support@ft.com (Martin Wolf) Tue, 07 Apr 2009 05:00:00 +0100 http://tamborcast.com/media/946.guid Martin Wolf no no Given the scale of the world's macroeconomic imbalances, it is far from obvious that higher regulatory standards alone would have saved the world. This is not just a matter of historical interest. It is also relevant to the sustainability of the recovery, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=332 support@ft.com (Martin Wolf) Thu, 02 Apr 2009 05:00:00 +0100 http://tamborcast.com/media/945.guid Martin Wolf no no The ability to navigate through the financial crisis depends on the sincerity of the authorities' commitment to long-term stability, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=333 support@ft.com (Martin Wolf) Tue, 31 Mar 2009 05:00:00 +0100 http://tamborcast.com/media/942.guid Martin Wolf no no The G20 summit is dealing with the short-term symptoms of chronic global excess. The world economy cannot be safely balanced by a small number of countries spending themselves into bankruptcy. Finding a longer-term cure for the illness still lies ahead 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=334 support@ft.com (Martin Wolf) Tue, 24 Mar 2009 04:00:00 +0000 http://tamborcast.com/media/941.guid Martin Wolf no no With the IMF expecting world output to shrink by up to 1 per cent this year and the economies of the advanced countries to shrink by between 3 and 3.5 per cent, this is the worst global economic crisis since the 1930s. So far the congressional response has been a disaster 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=335 support@ft.com (Martin Wolf) Thu, 19 Mar 2009 04:00:00 +0000 http://tamborcast.com/media/935.guid Martin Wolf no no Yet even this radicalism is limited: the report rejects division of the financial system into utilities and a casino. 00:04:00 http://podcast.ft.com/index.php?sid=17&pid=336 support@ft.com (Martin Wolf) Tue, 17 Mar 2009 04:00:00 +0000 http://tamborcast.com/media/934.guid Martin Wolf no no Is there good reason to expect huge increases in public sector indebtedness across the globe? Yes. But this does not guarantee defaults. 00:04:40 http://podcast.ft.com/index.php?sid=17&pid=337 support@ft.com (Martin Wolf) Tue, 10 Mar 2009 04:00:00 +0000 http://tamborcast.com/media/927.guid Martin Wolf no no The right thing to do is 'more than enough.' It will always be possible to withdraw stimulus a year or two hence. It will be far more difficult to make action effective if depression, both economic and social, takes hold. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=338 support@ft.com (Martin Wolf) Thu, 05 Mar 2009 05:00:00 +0000 http://tamborcast.com/media/926.guid Martin Wolf no no If the UK government believes bail-out must be piled upon bail-out, then banking must be treated as a regulated utility - end of story. 00:04:35 http://podcast.ft.com/index.php?sid=17&pid=339 support@ft.com (Martin Wolf) Tue, 03 Mar 2009 05:00:00 +0000 http://tamborcast.com/media/925.guid Martin Wolf no no We are painfully learning that the world's mega-banks are too complex to manage, too big to fail and too hard to restructure. Nobody would wish to start from here. But, as worries in the stock market show, banks must be fixed, in an orderly and systematic way. 00:05:35 http://podcast.ft.com/index.php?sid=17&pid=340 support@ft.com (Martin Wolf) Tue, 24 Feb 2009 05:00:00 +0000 http://tamborcast.com/media/913.guid Martin Wolf no no The London summit of 1933 marked the moment at which joint efforts to manage the Great Depression collapsed. The summit of the Group of 20 countries, which will be held in the same city on April 2, must turn out quite differently. 00:05:57 http://podcast.ft.com/index.php?sid=17&pid=341 support@ft.com (Martin Wolf) Thu, 19 Feb 2009 05:00:00 +0000 http://tamborcast.com/media/912.guid Martin Wolf no no A cogent analysis of prospects for inflation has to be broader and more long term in thinking than that in the Bank of England inflation report. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=342 support@ft.com (Martin Wolf) Tue, 17 Feb 2009 05:00:00 +0000 http://tamborcast.com/media/911.guid Martin Wolf no no How far is that experience relevant to today? Japan was able to rely on exports to a buoyant world economy. This crisis is global: the bubbles and financial mania spread across much of the western world. 00:05:10 http://podcast.ft.com/index.php?sid=17&pid=343 support@ft.com (Martin Wolf) Tue, 10 Feb 2009 05:00:00 +0000 http://tamborcast.com/media/910.guid Martin Wolf no no The US president must do far more than hope for the best. Yet that is what one sees in his stimulus programme and, judging from the sketchy announcement by the Treasury secretary, in the new plans for fixing the banking system. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=344 support@ft.com (Martin Wolf) Thu, 05 Feb 2009 05:00:00 +0000 http://tamborcast.com/media/900.guid Martin Wolf no no I would far rather have to manage the UK through this crisis, despite the challenges, than Spain or Ireland, says Martin Wolf. 00:04:02 http://podcast.ft.com/index.php?sid=17&pid=345 support@ft.com (Martin Wolf) Tue, 03 Feb 2009 05:00:00 +0000 http://tamborcast.com/media/891.guid Martin Wolf no no However easy it is to blame the US for global economic woes, it is also to the US that the world looks for a solution. Concerted action is needed to reverse the downward spiral of despair, and that will only occur if the US gives leadership. 00:05:25 http://podcast.ft.com/index.php?sid=17&pid=346 support@ft.com (Martin Wolf) Tue, 27 Jan 2009 05:00:00 +0000 http://tamborcast.com/media/890.guid Martin Wolf no no Countries with large current account surpluses have long demanded an end to the profligate borrowing and spending of the customers upon whom they depended. They should have been careful what they wished for. 00:05:17 http://podcast.ft.com/index.php?sid=17&pid=347 support@ft.com (Martin Wolf) Thu, 22 Jan 2009 05:00:00 +0000 http://tamborcast.com/media/889.guid Martin Wolf no no By offering guarantees, the government could be subsidising the recreation of a market in lemons. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=348 support@ft.com (Martin Wolf) Tue, 20 Jan 2009 05:00:00 +0000 http://tamborcast.com/media/888.guid Martin Wolf no no One idea the new US president should propose is a committee at the highest level to recommend a radical restructuring of global institutions. This would aim to lower the risk of emerging market crises like those that preceded the bubbles in advanced countries. 00:05:02 http://podcast.ft.com/index.php?sid=17&pid=349 support@ft.com (Martin Wolf) Tue, 13 Jan 2009 05:00:00 +0000 http://tamborcast.com/media/887.guid Martin Wolf no no If the fiscal deficits are to fall sharply in the medium term, as they need to, the new US president needs effective programmes for private sector deleveraging and global reform and adjustment. 00:05:03 http://podcast.ft.com/index.php?sid=17&pid=350 support@ft.com (Martin Wolf) Thu, 08 Jan 2009 05:00:00 +0000 http://tamborcast.com/media/886.guid Martin Wolf no no The utterances of leading Labour and Conservative politicians do not explain how the UK is to emerge from its current quagmire. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=351 support@ft.com (Martin Wolf) Tue, 06 Jan 2009 05:00:00 +0000 http://tamborcast.com/media/885.guid Martin Wolf no no Some entertain hopes of restoring the globally unbalanced economic growth of the middle years of this decade. They are wrong. Our choice is between a better balanced world economy and disintegration. And it must be made this year. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=352 support@ft.com (Martin Wolf) Tue, 23 Dec 2008 05:00:00 +0000 http://tamborcast.com/media/866.guid Martin Wolf no no Sixty-two years after the death of John Maynard Keynes, the father of macroeconomics, it is easier for us to understand what remains relevant in his teaching as the financial crisis deepens. 00:04:19 http://podcast.ft.com/index.php?sid=17&pid=353 support@ft.com (Martin Wolf) Tue, 16 Dec 2008 05:00:00 +0000 http://tamborcast.com/media/865.guid Martin Wolf no no Central banks may resort to their most powerful weapons against deflation: the printing press and the so-called helicopter drop of money. Will this work? Yes. But returning to normality will prove far more elusive. 00:05:00 http://podcast.ft.com/index.php?sid=17&pid=354 support@ft.com (Martin Wolf) Thu, 11 Dec 2008 05:00:00 +0000 http://tamborcast.com/media/861.guid Martin Wolf no no The biggest challenge is getting through the extended emergency support to a more sustainable structure, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=355 support@ft.com (Martin Wolf) Tue, 09 Dec 2008 05:00:00 +0000 http://tamborcast.com/media/859.guid Martin Wolf no no A robust recovery would eliminate the danger of some countries being badly damaged. If it does arrive, there is no doubt where it will come from: not from the actions of Germany to sustain domestic demand, but from profligate Anglo-Saxons. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=356 support@ft.com (Martin Wolf) Tue, 02 Dec 2008 05:00:00 +0000 http://tamborcast.com/media/858.guid Martin Wolf no no The world has run out of willing and creditworthy private borrowers. In the long run, the global economy will have to rebalance. As in the 1930s, if the surplus countries do not expand domestic demand, the open world economy may even break down. 00:05:37 http://podcast.ft.com/index.php?sid=17&pid=357 support@ft.com (Martin Wolf) Thu, 27 Nov 2008 05:00:00 +0000 http://tamborcast.com/media/851.guid Martin Wolf no no Is the UK on the road to disaster? Is it mad to tackle a calamity caused by excessive borrowing with still more borrowing? No, if the government remains creditworthy. Yes, if it does not. So, after its pre-Budget report, should you trust the UK government with your money, or not? 00:04:54 http://podcast.ft.com/index.php?sid=17&pid=358 support@ft.com (Martin Wolf) Tue, 25 Nov 2008 05:00:00 +0000 http://tamborcast.com/media/850.guid Martin Wolf no no We have bad news and good news. The bad news is that the world economy is teetering on the brink. The good news is that, after an extended period of overvaluation, stock markets are, at last, attractively priced. This should have enticing implications for investors and even for audacious governments. 00:05:25 http://podcast.ft.com/index.php?sid=17&pid=359 support@ft.com (Martin Wolf) Mon, 24 Nov 2008 05:00:00 +0000 http://tamborcast.com/media/849.guid Martin Wolf no no UK chancellor Alistair Darling has delivered not a pre-Budget report, but a crisis budget. Profligacy has replaced prudence as the watchword. But, the chancellor would insist, it is profligacy with a purpose. Will the government get away with its gamble? 00:04:13 http://podcast.ft.com/index.php?sid=17&pid=360 support@ft.com (Martin Wolf) Fri, 21 Nov 2008 05:00:00 +0000 http://tamborcast.com/media/848.guid Martin Wolf no no Panic has seized markets. Deep depressions deliver not healthy cleansing of excess, but social and political catastrophe. The time for aggressive countervailing action is now. 00:02:19 http://podcast.ft.com/index.php?sid=17&pid=361 support@ft.com (Martin Wolf) Tue, 18 Nov 2008 05:00:00 +0000 http://tamborcast.com/media/845.guid Martin Wolf no no In an uncertain world, an economy needs mechanisms of adjustment. The exchange rate is the most powerful such mechanism. Today's extreme circumstances have made the case for retaining exchange-rate flexibility not weaker, but stronger, says Martin Wolf. 00:05:05 http://podcast.ft.com/index.php?sid=17&pid=362 support@ft.com (Martin Wolf) Thu, 13 Nov 2008 05:00:00 +0000 http://tamborcast.com/media/844.guid Martin Wolf no no The country must temper the needed adjustment to the shock, without destroying its longer-term credibility, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=363 support@ft.com (Martin Wolf) Tue, 11 Nov 2008 05:00:00 +0000 http://tamborcast.com/media/843.guid Martin Wolf no no The president-elect must build on the achievements of his predecessors rather than turn the US away from the world. He must push reforms that help most Americans gain from globalisation and promote reforms abroad, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=364 support@ft.com (Martin Wolf) Thu, 06 Nov 2008 05:00:00 +0000 http://tamborcast.com/media/842.guid Martin Wolf no no The Bank of England's monetary policy committee has, in extreme circumstances, adopted the risk management approach followed by Alan Greenspan and Ben Bernanke at the Federal Reserve. It was right to do so. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=365 support@ft.com (Martin Wolf) Thu, 30 Oct 2008 04:00:00 +0000 http://tamborcast.com/media/832.guid Martin Wolf no no The idea that a quick recession would purge the world of past excesses is ludicrous. Choosing to risk a catastrophic downward spiral would be like deciding to let a city burn in order to punish someone who smoked in bed. Everything possible must be done to prevent the inescapable recession from turning into something worse, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=366 support@ft.com (Martin Wolf) Tue, 28 Oct 2008 04:00:00 +0000 http://tamborcast.com/media/831.guid Martin Wolf no no The idea that a quick recession would purge the world of past excesses is ludicrous. Choosing to risk a catastrophic downward spiral would be like deciding to let a city burn in order to punish someone who smoked in bed. Everything possible must be done to prevent the inescapable recession from turning into something worse, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=367 support@ft.com (Martin Wolf) Tue, 21 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/830.guid Martin Wolf no no The worst consequences of the banking crisis - a true depression - have been avoided. But the impact of the implosion of what economist Nouriel Roubini calls 'the largest leveraged asset bubble and credit bubble in history' is hitting real economies hard, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=368 support@ft.com (Martin Wolf) Mon, 20 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/810.guid Martin Wolf no no Leading economists from London Business School - Lucrezia Reichln, Richard Portes, Andrew Scott and Helene Rey - dissect the roots of the financial crisis, and debate how badly the real economy will be affected. The debate was chaired on Oct 14 by Mark Malcolmson in front of alumni of the LBS. 00:31:33 http://podcast.ft.com/index.php?sid=17&pid=369 support@ft.com (Martin Wolf) Thu, 16 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/828.guid Martin Wolf no no The costs of decisive action were vastly less than those of inaction. The fiscal burden should prove quite manageable, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=370 support@ft.com (Martin Wolf) Tue, 14 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/807.guid Martin Wolf no no The winner of the FT-Goldman Sachs Business Book of the Year award tells Andrew Hill, FT city editor, how concerns about the signals coming out of markets in 2007 inspired his book When Markets Collide. He warns of more turbulence to come. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=371 support@ft.com (Martin Wolf) Tue, 14 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/829.guid Martin Wolf no no Policymakers finally realised that a plan for dealing with such a severe financial crisis must contain those elements that are individually necessary and collectively sufficient. The announced programmes are, in scale and construction, what is needed, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=372 support@ft.com (Martin Wolf) Fri, 10 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/803.guid Martin Wolf no no Martin Wolf and Gillian Tett, FT capital markets editor, discuss how highly leveraged Iceland came unstuck in the global financial crisis, and how the risk of sovereign default has grown there and in other countries 00:04:23 http://podcast.ft.com/index.php?sid=17&pid=373 support@ft.com (Martin Wolf) Thu, 09 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/802.guid Martin Wolf no no The fear driving the breakdown in financial markets is as exaggerated as the greed that drove the opposite behaviour a little while ago. But unjustified panic also causes devastation. Martin Wolf argues it must be halted, not next week, but right now. 00:04:43 http://podcast.ft.com/index.php?sid=17&pid=374 support@ft.com (Martin Wolf) Wed, 08 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/800.guid Martin Wolf no no In this special podcast, Martin Wolf, chief economics commentator, discusses with FT leader writers, Christopher Adams and Chris Cook, whether the UK bank rescue plan will work, and how this week's G7 summit should react. 00:09:27 http://podcast.ft.com/index.php?sid=17&pid=375 support@ft.com (Martin Wolf) Thu, 02 Oct 2008 05:00:00 +0100 http://tamborcast.com/media/799.guid Martin Wolf no no As the financial crisis deepens, should the UK follow the US rescue package? Martin Wolf says on balance, the answer is: no. But the question raises some big issues: above all, he says that prudence today demands bold actions. 00:03:30 http://podcast.ft.com/index.php?sid=17&pid=376 support@ft.com (Martin Wolf) Tue, 30 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/797.guid Martin Wolf no no It is just over 70 years since the Great Depression. Judged by its rejection of the US Treasury's bail-out plan, Congress believes it is time to risk another one. Martin Wolf argues a slump is not inevitable but only if action is taken to prevent one. 00:04:58 http://podcast.ft.com/index.php?sid=17&pid=377 support@ft.com (Martin Wolf) Fri, 26 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/792.guid Martin Wolf no no The US Treasury secretary views the core challenge as illiquidity, not insolvency. By creating a market for toxic assets, he hopes to halt the spiral of falling prices and bankruptcies. But the scheme is neither necessary nor efficient, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=378 support@ft.com (Martin Wolf) Wed, 17 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/789.guid Martin Wolf no no Do not panic: the UK economy ought to be able to get through this crisis without a recession as deep as those of the early 1980s and 1990s, says Martin Wolf 00:03:42 http://podcast.ft.com/index.php?sid=17&pid=379 support@ft.com (Martin Wolf) Tue, 16 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/788.guid Martin Wolf no no Is the worst now over? Certainly not. The biggest outstanding question is whether government-led rescues of undercapitalised financial systems will be needed. This is now looking increasingly likely, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=380 support@ft.com (Martin Wolf) Tue, 09 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/766.guid Martin Wolf no no In this special podcast, FT editor Lionel Barber chairs a debate between Martin Wolf and John Kay on the limits to regulating the banks. The debate was inspired by opposing articles these two leading economics experts wrote in March this year (see below). 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=381 support@ft.com (Martin Wolf) Tue, 09 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/787.guid Martin Wolf no no Is the rescue of Fannie Mae and Freddie Mac an example of US policymaking that the UK, quite as vulnerable to the collapse in the housing market, should follow? Martin Wolf very much hopes it will not. But the pressures on the UK government to act will be strong 00:04:38 http://podcast.ft.com/index.php?sid=17&pid=382 support@ft.com (Martin Wolf) Mon, 08 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/786.guid Martin Wolf no no The US public has ended up with an open-ended guarantee of the liabilities created by supposedly private entities. It is a bad place to be 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=383 support@ft.com (Martin Wolf) Thu, 04 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/765.guid Martin Wolf no no A weak government is a risk. Any policies it introduces must avoid undermining confidence in the UK???s policy regime. 00:04:12 http://podcast.ft.com/index.php?sid=17&pid=384 support@ft.com (Martin Wolf) Tue, 02 Sep 2008 05:00:00 +0100 http://tamborcast.com/media/764.guid Martin Wolf no no This presidential election might well determine the character of the next, possibly final, epoch of Anglo-American global hegemony. The question is whether the American people will choose the instinct for conflict or that for co-operation. 00:05:01 http://podcast.ft.com/index.php?sid=17&pid=385 support@ft.com (Martin Wolf) Fri, 29 Aug 2008 05:00:00 +0100 http://tamborcast.com/media/761.guid Martin Wolf no no Superannuated cold warriors and neo-cons are salivating over the notion of a new cold war with Russia 00:04:18 http://podcast.ft.com/index.php?sid=17&pid=386 support@ft.com (Martin Wolf) Tue, 15 Jul 2008 05:00:00 +0100 http://tamborcast.com/media/760.guid Martin Wolf no no It is almost a year since the US subprime crisis went global. The hope that the repricing of risk would be no more than a brief interruption has been disappointed. So where is the world economy now? 00:04:35 http://podcast.ft.com/index.php?sid=17&pid=387 support@ft.com (Martin Wolf) Thu, 10 Jul 2008 05:00:00 +0100 http://tamborcast.com/media/705.guid Martin Wolf no no Martin Wolf examines the outlook for the UK property market, concluding that a big drop in house prices is likely. This is attributed partly to extraordinarily high prices and partly to the unavailability of credit. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=388 support@ft.com (Martin Wolf) Wed, 09 Jul 2008 05:00:00 +0100 http://tamborcast.com/media/698.guid Martin Wolf no no Martin Wolf reflects on why the financial crisis happened and the risks now facing the global economy. He also considers how the frequency and severity of future crises can be reduced. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=389 support@ft.com (Martin Wolf) Tue, 08 Jul 2008 05:00:00 +0100 http://tamborcast.com/media/706.guid Martin Wolf no no Tackling man-made climate change is much the most complex collective action problem in human history. Solving it will require concerted efforts from both developed and developing countries over at least a century. But there is no choice but to try. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=390 support@ft.com (Martin Wolf) Mon, 07 Jul 2008 05:00:00 +0100 http://tamborcast.com/media/693.guid Martin Wolf no no What is ahead will be tougher than the expansion the UK has been used to for 16 years. But it is not the end of the world, says Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=391 support@ft.com (Martin Wolf) Mon, 07 Jul 2008 05:00:00 +0100 http://tamborcast.com/media/695.guid Martin Wolf no no In the short term, the biggest monetary policy requirement is a tightening in emerging economies, many of which have strongly negative real interest rates. As important is letting jumps in energy prices pass through, forcing adjustments in energy use, says Martin Wolf. 00:05:10 http://podcast.ft.com/index.php?sid=17&pid=392 support@ft.com (Martin Wolf) Wed, 18 Jun 2008 05:00:00 +0100 http://tamborcast.com/media/669.guid Martin Wolf no no What explains the combination of a 'credit crunch' in the US with soaring commodity prices and rising inflation across the globe? Are these related events? So far this is not a return to the 1970s. But action is needed to keep this true, suggests Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=393 support@ft.com (Martin Wolf) Fri, 13 Jun 2008 05:00:00 +0100 http://tamborcast.com/media/668.guid Martin Wolf no no Investors have been able to buy utility companies, replace the equity with debt and enjoy a licence to print money. This is intolerable, argues Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=394 support@ft.com (Martin Wolf) Wed, 11 Jun 2008 05:00:00 +0100 http://tamborcast.com/media/667.guid Martin Wolf no no Is it possible for the vast mass of humanity to enjoy the living standards of today's high-income countries? Jeffrey Sachs has produced an analysis that manages to be both pessimistic and optimistic at the same time. One might not be quite as optimistic about the solutions. But one must recognise the salience of the challenges, argues Martin Wolf. 00:05:18 http://podcast.ft.com/index.php?sid=17&pid=395 support@ft.com (Martin Wolf) Tue, 03 Jun 2008 05:00:00 +0100 http://tamborcast.com/media/650.guid Martin Wolf no no Achieving sustained, rapid growth turns out to be very hard. This is no objection to the findings of the Growth Report - it is, rather, an admission of how little we know about such a complex economic, social and political process. 00:04:42 http://podcast.ft.com/index.php?sid=17&pid=396 support@ft.com (Martin Wolf) Thu, 29 May 2008 05:00:00 +0100 http://tamborcast.com/media/649.guid Martin Wolf no no If a country is to join the eurozone, its people must be willing to cope with the consequences forever. 00:03:32 http://podcast.ft.com/index.php?sid=17&pid=397 support@ft.com (Martin Wolf) Tue, 27 May 2008 05:00:00 +0100 http://tamborcast.com/media/648.guid Martin Wolf no no The eurozone is a triumph as a monetary union. Yet it is much less so as an economic union. Its creation has not caused the acceleration in dynamism that proponents hoped for - if anything, structural reforms have slowed. 00:04:50 http://podcast.ft.com/index.php?sid=17&pid=398 support@ft.com (Martin Wolf) Wed, 21 May 2008 05:00:00 +0100 http://tamborcast.com/media/631.guid Martin Wolf no no Everybody should remember, above all, that the opening of the world economy is the west's greatest economic policy achievement. It would be a tragedy if it were to turn its back on the world when the rest of humanity is at last turning towards it. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=399 support@ft.com (Martin Wolf) Fri, 16 May 2008 05:00:00 +0100 http://tamborcast.com/media/630.guid Martin Wolf no no In the 1970s, letting inflation rip, to avoid pain in the short run, increased it in the long run. The UK must not repeat that error. 00:03:22 http://podcast.ft.com/index.php?sid=17&pid=400 support@ft.com (Martin Wolf) Wed, 14 May 2008 05:00:00 +0100 http://tamborcast.com/media/629.guid Martin Wolf no no Oil is a finite resource; it drives global transport; and if emerging economies consumed it as Europeans do, world consumption would jump by 150 per cent. Don't blame the high price on speculators and big bad oil companies, says Martin Wolf. The reality is different. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=401 support@ft.com (Martin Wolf) Wed, 07 May 2008 05:00:00 +0100 http://tamborcast.com/media/628.guid Martin Wolf no no Unless we are comfortable with a crisis every five years or so, financial regulation must be radically reconsidered. Tighter rules are desirable in the longer-run interests of the banking industry itself let alone the public's. What should such regulation look like? 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=402 support@ft.com (Martin Wolf) Fri, 02 May 2008 05:00:00 +0100 http://tamborcast.com/media/610.guid Martin Wolf no no What does the economic turmoil mean for the UK economy? This is not a question about prospects for the next year. It is deeper than that: how well can an economy long characterised by soaring house prices, exploding debt and a dynamic financial sector adjust to a new world? 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=403 support@ft.com (Martin Wolf) Tue, 29 Apr 2008 05:00:00 +0100 http://tamborcast.com/media/609.guid Martin Wolf no no Nobody knows how long these shocks will last, but they demand rapid policy changes across the globe. We must choose between fragmenting markets further and integrating them, between helping the poor and letting even more starve. 00:04:40 http://podcast.ft.com/index.php?sid=17&pid=404 support@ft.com (Martin Wolf) Wed, 23 Apr 2008 05:00:00 +0100 http://tamborcast.com/media/600.guid Martin Wolf no no How do we persuade citizens the rise of the emerging countries, the brightest story of our era, is to be welcomed, asks Martin Wolf. 00:04:31 http://podcast.ft.com/index.php?sid=17&pid=405 support@ft.com (Martin Wolf) Fri, 18 Apr 2008 05:00:00 +0100 http://tamborcast.com/media/595.guid Martin Wolf no no It is high time the British realised a people cannot become rich by selling ever more expensive houses to one another, argues Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=406 support@ft.com (Martin Wolf) Wed, 16 Apr 2008 05:00:00 +0100 http://tamborcast.com/media/594.guid Martin Wolf no no A voluntary banking code is almost certainly not worth the paper it is written on. If regulation is to be effective, it must cover all relevant institutions and the entire balance sheet and, not least, it must make finance less pro-cyclical, argues Martin Wolf 00:05:01 http://podcast.ft.com/index.php?sid=17&pid=407 support@ft.com (Martin Wolf) Tue, 08 Apr 2008 05:00:00 +0100 http://tamborcast.com/media/590.guid Martin Wolf no no The former chairman of the Federal Reserve, once lauded as the 'maestro', has, to his discomfort, become the scapegoat for the crisis. Much of the criticism is highly unfair, but there are areas where he is wrong. 00:04:43 http://podcast.ft.com/index.php?sid=17&pid=408 support@ft.com (Martin Wolf) Thu, 03 Apr 2008 05:00:00 +0100 http://tamborcast.com/media/589.guid Martin Wolf no no While the economic arguments of a high level of net immigration are weak, this does not mean that substantial gross immigration, particularly of skilled people, is undesirable. 00:03:44 http://podcast.ft.com/index.php?sid=17&pid=409 support@ft.com (Martin Wolf) Tue, 01 Apr 2008 05:00:00 +0100 http://tamborcast.com/media/588.guid Martin Wolf no no Neither households nor the financial sector as a whole can de-leverage swiftly, other than via a calamitous mass default or by shifting their debt elsewhere, usually on to the government. A private-sector financial mania will finish up as public-sector pain. 00:04:44 http://podcast.ft.com/index.php?sid=17&pid=410 support@ft.com (Martin Wolf) Tue, 25 Mar 2008 04:00:00 +0000 http://tamborcast.com/media/580.guid Martin Wolf no no For three decades we have moved towards market-driven financial systems. By its decision to rescue Bear Stearns, the Federal Reserve, the institution responsible for monetary policy in the US, chief protagonist of free-market capitalism, declared this era over. 00:04:50 http://podcast.ft.com/index.php?sid=17&pid=411 support@ft.com (Martin Wolf) Fri, 21 Mar 2008 04:00:00 +0000 http://tamborcast.com/media/576.guid Martin Wolf no no Just as it is particularly difficult to know whether a manager is skilful rather than lucky, it is hard to distinguish talented managers from untalented, so the business is bound to attract the unscrupulous and unskilled. 00:04:28 http://podcast.ft.com/index.php?sid=17&pid=412 support@ft.com (Martin Wolf) Wed, 12 Mar 2008 04:00:00 +0000 http://tamborcast.com/media/573.guid Martin Wolf no no The chancellor used the new watchword 'stability' 23 times. 'Prudence', however, never crossed his lips. This is a telling shift. 00:05:15 http://podcast.ft.com/index.php?sid=17&pid=413 support@ft.com (Martin Wolf) Tue, 11 Mar 2008 04:00:00 +0000 http://tamborcast.com/media/567.guid Martin Wolf no no A trillion dollars here, a trillion dollars there, and pretty soon you are talking real money, even for the US. Most of the losses will fall not on the financial sector but elsewhere. 00:05:40 http://podcast.ft.com/index.php?sid=17&pid=414 support@ft.com (Martin Wolf) Thu, 06 Mar 2008 05:00:00 +0000 http://tamborcast.com/media/572.guid Martin Wolf no no 'Only the little people pay taxes' - that is the principle behind all the screaming about non-dom taxation, argues Martin Wolf. 00:03:47 http://podcast.ft.com/index.php?sid=17&pid=415 support@ft.com (Martin Wolf) Tue, 04 Mar 2008 05:00:00 +0000 http://tamborcast.com/media/566.guid Martin Wolf no no If central banks are confident commodity prices will stop rising, they should slash rates. But, given the continued growth of emerging economies, they cannot be sure of that. Worse, core inflation seems to be drifting upwards. 00:05:16 http://podcast.ft.com/index.php?sid=17&pid=416 support@ft.com (Martin Wolf) Tue, 26 Feb 2008 05:00:00 +0000 http://tamborcast.com/media/552.guid Martin Wolf no no When bubbles burst, asset prices decline, net worth of non-financial borrowers shrinks and illiquidity and insolvency emerge in the financial system. The US government can rescue the economy. It is now being forced to do so. But that is not the end of this story 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=417 support@ft.com (Martin Wolf) Thu, 21 Feb 2008 05:00:00 +0000 http://tamborcast.com/media/539.guid Martin Wolf no no The lesson for the government seems to be it is not enough to make what seem to be the right decisions if one does so in the wrong way, suggests Martin Wolf. 00:03:49 http://podcast.ft.com/index.php?sid=17&pid=418 support@ft.com (Martin Wolf) Tue, 19 Feb 2008 05:00:00 +0000 http://tamborcast.com/media/538.guid Martin Wolf no no The link between the bursting of the housing bubble and the fragility of the financial system has created huge dangers for the US and the world. The US public sector is coming to the rescue and will succeed, but the journey will be uncomfortable, argues Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=419 support@ft.com (Martin Wolf) Tue, 12 Feb 2008 05:00:00 +0000 http://tamborcast.com/media/537.guid Martin Wolf no no In place of erstwhile hopes for the emergence of a democracy, we have proto-fascism: aggrieved nationalism; bullying of smaller nations; a cult of the strong leader; suspicion of enemies within; and resentment of foreigners. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=420 support@ft.com (Martin Wolf) Thu, 07 Feb 2008 05:00:00 +0000 http://tamborcast.com/media/525.guid Martin Wolf no no The credit crunch is the economy's brutal way of telling us that this era of unsustainable growth in spending and debt is over. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=421 support@ft.com (Martin Wolf) Tue, 05 Feb 2008 05:00:00 +0000 http://tamborcast.com/media/524.guid Martin Wolf no no We have a banking sector that has a demonstrated capacity to generate huge crises because of the incentives to take on under-appreciated risks. We lack the will and even the capacity to regulate it, yet have no obvious alternative but to try to do so. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=422 support@ft.com (Martin Wolf) Tue, 29 Jan 2008 05:00:00 +0000 http://tamborcast.com/media/523.guid Martin Wolf no no If the US succeeds in its ???risk management', it will renew and, at worst, exacerbate the fragility, both domestic and international, that triggered the turmoil. If it fails, the US and, perhaps, much of the rest of the world could well suffer a prolonged period of economic weakness. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=423 support@ft.com (Martin Wolf) Fri, 25 Jan 2008 05:00:00 +0000 http://tamborcast.com/media/501.guid Martin Wolf no no A medium-term inflation target provides a clear objective for policy and so the best chance of avoiding recession. To change ships in the midst of a storm would be a catastrophic blunder. 00:03:34 http://podcast.ft.com/index.php?sid=17&pid=424 support@ft.com (Martin Wolf) Tue, 22 Jan 2008 05:00:00 +0000 http://tamborcast.com/media/500.guid Martin Wolf no no For one person it feels like a snake; for another a leathery sail. A third says a tree trunk. A fourth a pull rope. Explanations for what has happened to the world economy are just as diverse. The accurate story is that it is a combination of the various elements. 00:04:42 http://podcast.ft.com/index.php?sid=17&pid=425 support@ft.com (Martin Wolf) Wed, 16 Jan 2008 05:00:00 +0000 http://tamborcast.com/media/462.guid Martin Wolf no no The regulatory net should cover all systemically important financial institutions. The question the authorities need to ask themselves is simple: if a specific institution fell into substantial difficulty would they have to intervene? 00:04:49 http://podcast.ft.com/index.php?sid=17&pid=426 support@ft.com (Martin Wolf) Fri, 11 Jan 2008 05:00:00 +0000 http://tamborcast.com/media/458.guid Martin Wolf no no Policymakers must focus on preserving credibly low inflation, essential if a retreat of the pound is not to become a rout, argues Martin Wolf. 00:03:54 http://podcast.ft.com/index.php?sid=17&pid=427 support@ft.com (Martin Wolf) Wed, 09 Jan 2008 05:00:00 +0000 http://tamborcast.com/media/454.guid Martin Wolf no no The health of the global economy demands the survival of an open world. Whether the present crisis proves a blip or the end of an era depends on whether openness survives, says Martin Wolf 00:04:57 http://podcast.ft.com/index.php?sid=17&pid=428 support@ft.com (Martin Wolf) Tue, 18 Dec 2007 05:00:00 +0000 http://tamborcast.com/media/450.guid Martin Wolf no no It is vital for hopes of peace to sustain the positive-sum world economy in which everybody can become better off, but no less vital to tackle the environmental challenges it has thrown up. The condition for success is investment in human ingenuity, argues Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=429 support@ft.com (Martin Wolf) Fri, 14 Dec 2007 05:00:00 +0000 http://tamborcast.com/media/448.guid Martin Wolf no no The Bank of England must not abandon all caution. It will be able to rescue the real economy if and only if low inflation remains believable, suggests Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=430 support@ft.com (Martin Wolf) Thu, 13 Dec 2007 05:00:00 +0000 http://tamborcast.com/media/447.guid Martin Wolf no no The money to be dropped by central banks now is not that large. But if this does not work, argues Martin Wolf, more will surely follow 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=431 support@ft.com (Martin Wolf) Wed, 12 Dec 2007 05:00:00 +0000 http://tamborcast.com/media/446.guid Martin Wolf no no The credit crisis may be just as important a watershed for financial markets and the world economy as the emerging market financial crises of 1997 and 1998 and the bubble in technology stocks that burst in 2000. Martin Wolf gathers the evidence 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=432 support@ft.com (Martin Wolf) Tue, 04 Dec 2007 05:00:00 +0000 http://tamborcast.com/media/437.guid Martin Wolf no no For people to tolerate radical change in energy use, they must first be frightened and then offered a good way out. No country will deliver big cuts if the US does not. There will be no technological leaps unless the US commits resources, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=433 support@ft.com (Martin Wolf) Thu, 29 Nov 2007 05:00:00 +0000 http://tamborcast.com/media/436.guid Martin Wolf no no That three men pleaded guilty to wire fraud does not prove they were. It demonstrates that the offers made by US prosecutors are of a kind sensible people cannot refuse, argues Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=434 support@ft.com (Martin Wolf) Wed, 28 Nov 2007 05:00:00 +0000 http://tamborcast.com/media/432.guid Martin Wolf no no What is wrong with the sector? It is too profitable, over-protected and takes risks, which is why a crisis emerges every few years. But the public sector subsidises this risk-taking, argues Martin Wolf 00:04:49 http://podcast.ft.com/index.php?sid=17&pid=435 support@ft.com (Martin Wolf) Tue, 20 Nov 2007 05:00:00 +0000 http://tamborcast.com/media/426.guid Martin Wolf no no It is plausible that the US will experience a lengthy period of sluggish growth in domestic private demand, partially offset by fiscal expansion and an improvement in net exports. The rest of the world must now become the demand engines of the world economy, argues Martin Wolf 00:04:40 http://podcast.ft.com/index.php?sid=17&pid=436 support@ft.com (Martin Wolf) Thu, 15 Nov 2007 05:00:00 +0000 http://tamborcast.com/media/425.guid Martin Wolf no no The blame for the bank's vulnerability lies with its management, argues Martin Wolf 00:03:48 http://podcast.ft.com/index.php?sid=17&pid=437 support@ft.com (Martin Wolf) Tue, 13 Nov 2007 05:00:00 +0000 http://tamborcast.com/media/424.guid Martin Wolf no no The rest of the world wishes to enjoy the energy-intensive lifestyles that have, hitherto, been the privilege of less than a sixth of humanity. This desire has big consequences for the world's economic, strategic and environmental future, argues Martin Wolf 00:05:15 http://podcast.ft.com/index.php?sid=17&pid=438 support@ft.com (Martin Wolf) Tue, 06 Nov 2007 05:00:00 +0000 http://tamborcast.com/media/415.guid Martin Wolf no no A capitalism that generates vast wealth, partly on the back of political connections, and rewards those who resist competition is likely to generate social and political drawbacks, argues Martin Wolf. 00:04:49 http://podcast.ft.com/index.php?sid=17&pid=439 support@ft.com (Martin Wolf) Thu, 01 Nov 2007 04:00:00 +0000 http://tamborcast.com/media/413.guid Martin Wolf no no The British government has run a 'stealth' immigration policy. But that approach is now unworkable. Perhaps the UK should move to market compatible systems, such as auction of work permits, argues Martin Wolf. 00:03:58 http://podcast.ft.com/index.php?sid=17&pid=440 support@ft.com (Martin Wolf) Tue, 30 Oct 2007 04:00:00 +0000 http://tamborcast.com/media/412.guid Martin Wolf no no Is it possible to justify complex and expensive subsidies, mandates and protectionist measures? No. But that does not stop people from trying. 00:04:57 http://podcast.ft.com/index.php?sid=17&pid=441 support@ft.com (Martin Wolf) Tue, 23 Oct 2007 05:00:00 +0100 http://tamborcast.com/media/405.guid Martin Wolf no no According to the IMF, the world is in the midst of a period of exceptional growth. While a happy outcome depends on sustained openness and monetary stability, this can no longer be ensured by developed countries alone. Emerging markets have become big players, argues Martin Wolf. 00:04:26 http://podcast.ft.com/index.php?sid=17&pid=442 support@ft.com (Martin Wolf) Fri, 19 Oct 2007 05:00:00 +0100 http://tamborcast.com/media/404.guid Martin Wolf no no Arguments from wealthy people that they should pay less tax because they shower benefits upon us, should be treated with contempt, says Martin Wolf 00:03:41 http://podcast.ft.com/index.php?sid=17&pid=443 support@ft.com (Martin Wolf) Tue, 16 Oct 2007 05:00:00 +0100 http://tamborcast.com/media/401.guid Martin Wolf no no Should we be concerned that states are emerging as major owners of wealth, in particular through 'sovereign wealth funds', asks Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=444 support@ft.com (Martin Wolf) Tue, 09 Oct 2007 05:00:00 +0100 http://tamborcast.com/media/399.guid Martin Wolf no no Is the rest of the world too reliant on the US for economic growth, asks Martin Wolf. 00:04:50 http://podcast.ft.com/index.php?sid=17&pid=445 support@ft.com (Martin Wolf) Tue, 09 Oct 2007 05:00:00 +0100 http://tamborcast.com/media/400.guid Martin Wolf no no The persistence of sizeable structural overall deficits leaves the government little room to cope with bad news, argues Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=446 support@ft.com (Martin Wolf) Thu, 04 Oct 2007 05:00:00 +0100 http://tamborcast.com/media/392.guid Martin Wolf no no The impact of a correction in property prices and household spending would be negative: another Anglo-Saxon spending and debt machine would bite the dust, argues Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=447 support@ft.com (Martin Wolf) Wed, 03 Oct 2007 05:00:00 +0100 http://tamborcast.com/media/389.guid Martin Wolf no no It is possible to sell complex products safely, but only for companies that demonstrably care about their reputations, argues Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=448 support@ft.com (Martin Wolf) Tue, 25 Sep 2007 05:00:00 +0100 http://tamborcast.com/media/384.guid Martin Wolf no no The Federal Reserve may well have been right to be bold last week. But it cannot be foolhardy about inflation, argues Martin Wolf. 00:04:56 http://podcast.ft.com/index.php?sid=17&pid=449 support@ft.com (Martin Wolf) Thu, 20 Sep 2007 05:00:00 +0100 http://tamborcast.com/media/383.guid Martin Wolf no no The Bank is concerned about the health of the economy, while the banks are concerned only about their survival. Guess who swerved first? 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=450 support@ft.com (Martin Wolf) Tue, 18 Sep 2007 05:00:00 +0100 http://tamborcast.com/media/382.guid Martin Wolf no no Financial panic has hit both the public and politicians of the UK over the past week, to deliver two remarkable results. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=451 support@ft.com (Martin Wolf) Tue, 11 Sep 2007 05:00:00 +0100 http://tamborcast.com/media/381.guid Martin Wolf no no The era in which the world could rely on the engine of US consumption is now at an end. 00:04:49 http://podcast.ft.com/index.php?sid=17&pid=452 support@ft.com (Martin Wolf) Thu, 06 Sep 2007 05:00:00 +0100 http://tamborcast.com/media/380.guid Martin Wolf no no In the old system hospitals hired senior house officers; now they are sent them like a parcel of slaves, argues Martin Wolf. 00:03:38 http://podcast.ft.com/index.php?sid=17&pid=453 support@ft.com (Martin Wolf) Tue, 04 Sep 2007 05:00:00 +0100 http://tamborcast.com/media/379.guid Martin Wolf no no Regulation may fall between hard and impossible. It is why financial institutions must never be too big to fail. 00:04:50 http://podcast.ft.com/index.php?sid=17&pid=454 support@ft.com (Martin Wolf) Tue, 28 Aug 2007 05:00:00 +0100 http://tamborcast.com/media/378.guid Martin Wolf no no If some of the most powerful institutions in the world have been playing with fire, they need to feel the burns. 00:04:53 http://podcast.ft.com/index.php?sid=17&pid=455 support@ft.com (Martin Wolf) Thu, 23 Aug 2007 05:00:00 +0100 http://tamborcast.com/media/350.guid Martin Wolf no no One way to improve London airports is to price the growth of flying out of the skies. But which government would dare, asks Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=456 support@ft.com (Martin Wolf) Tue, 21 Aug 2007 05:00:00 +0100 http://tamborcast.com/media/346.guid Martin Wolf no no American households must spend more than their incomes. If they fail to do so, they face the threat of recession, says Martin Wolf 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=457 support@ft.com (Martin Wolf) Wed, 15 Aug 2007 05:00:00 +0100 http://tamborcast.com/media/345.guid Martin Wolf no no Markets must regulate themselves. The only thing likely to persuade them to do so is the certainty that players will be allowed to go bust, argues Martin Wolf 00:04:23 http://podcast.ft.com/index.php?sid=17&pid=458 support@ft.com (Martin Wolf) Thu, 28 Jun 2007 05:00:00 +0100 http://tamborcast.com/media/317.guid Martin Wolf no no Alistair Darling has the opportunity to undo some mistakes. It will take some courage to take on the prime minister but his predecessor at the Treasury has shown it can be done 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=459 support@ft.com (Martin Wolf) Wed, 20 Jun 2007 05:00:00 +0100 http://tamborcast.com/media/306.guid Martin Wolf no no The changes to be put forward in Brussels are inherently constitutional and justify a referendum, argues Martin Wolf. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=460 support@ft.com (Martin Wolf) Fri, 15 Jun 2007 05:00:00 +0100 http://tamborcast.com/media/298.guid Martin Wolf no no Interpreting changes in stock growth is difficult and, in the UK, extremely controversial 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=461 support@ft.com (Martin Wolf) Wed, 13 Jun 2007 05:00:00 +0100 http://tamborcast.com/media/299.guid Martin Wolf no no There are two explanations for global capital flows: a money glut and a savings glut 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=462 support@ft.com (Martin Wolf) Mon, 11 Jun 2007 05:00:00 +0100 http://tamborcast.com/media/300.guid Martin Wolf no no The WSJ is not threatened with disappearance but instead with inclusion in the world's most dynamic media empire 00:03:07 http://podcast.ft.com/index.php?sid=17&pid=463 support@ft.com (Martin Wolf) Thu, 07 Jun 2007 05:00:00 +0100 http://tamborcast.com/media/290.guid Martin Wolf no no The new 'science' of happiness has failed to conquer classical Anglo-Saxon liberalism. 00:04:37 http://podcast.ft.com/index.php?sid=17&pid=464 support@ft.com (Martin Wolf) Tue, 29 May 2007 05:00:00 +0100 http://tamborcast.com/media/284.guid Martin Wolf no no It is almost inconceivable that Beijing will grant what look like one-sided concessions to demands from the 'sole superpower'. That would be humiliating. 00:04:54 http://podcast.ft.com/index.php?sid=17&pid=465 support@ft.com (Martin Wolf) Tue, 24 Apr 2007 05:00:00 +0100 http://tamborcast.com/media/283.guid Martin Wolf no no Yeltsin's story may then be seen as at best a partial success and at worst a gross failure. I would regard it as closer to the former. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=466 support@ft.com (Martin Wolf) Thu, 19 Apr 2007 05:00:00 +0100 http://tamborcast.com/media/270.guid Martin Wolf no no For its credibility, the monetary policy committee will have to come down hard on the UK's inflation surge, even if it means overkill on interest rates. 00:04:12 http://podcast.ft.com/index.php?sid=17&pid=467 support@ft.com (Martin Wolf) Tue, 17 Apr 2007 05:00:00 +0100 http://tamborcast.com/media/268.guid Martin Wolf no no Martin Wolf discusses the demise of the bank's moral authority in its anti-corruption drive. 00:05:13 http://podcast.ft.com/index.php?sid=17&pid=468 support@ft.com (Martin Wolf) Tue, 10 Apr 2007 05:00:00 +0100 http://podcast.ft.com/audio/martin_wolf_apr_13_2007 Martin Wolf no no The right policy is to combine openness to trade with a politically acceptable sharing of the gains in high-income countries. The challenge is huge. But it is one at which we cannot afford to fail. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=469 support@ft.com (Martin Wolf) Tue, 03 Apr 2007 05:00:00 +0100 http://podcast.ft.com/audio/martin_wolf_apr_03_2007 Martin Wolf no no The US-South Korea trade deal has big dangers of fragmentation for global trade, with serious implications for businesses. 00:05:14 http://podcast.ft.com/index.php?sid=17&pid=471 support@ft.com (Martin Wolf) Tue, 27 Mar 2007 05:00:00 +0100 http://podcast.ft.com/audio/martin_wolf_apr_05_2007 Martin Wolf no no A decade or so from today we should have a far better idea than today of how far one of Europe's hitherto most successful economies is able to thrive within the straitjacket of the currency union. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=472 support@ft.com (Martin Wolf) Wed, 21 Mar 2007 04:00:00 +0000 http://podcast.ft.com/audio/martin_mar_21_2007 Martin Wolf no no Chancellor Gordon Brown's eleventh and final Budget contained apparently bold initiatives but on closer inspection it was sleight of hand to please Labour backbenchers but of modest economic benefit. 00:00:00 http://podcast.ft.com/index.php?sid=17&pid=473 support@ft.com (Martin Wolf) Tue, 20 Mar 2007 04:00:00 +0000 http://podcast.ft.com/audio/martin_wolf_mar_20_2007 Martin Wolf no no Though the differences are striking, by looking carefully at China and India one can learn about their prospects for growth. 00:00:00