The Week that Was in the Financial World

The head of Lloyd’s of London has reservations about new regulations, because mis-directed reform can have unintended consequences. Then, an in-depth look at the troubles facing Greece. And a busy week in Washington only translates to a ho-hum as far as Wall Street is concerned.

Episode Segments:

The Cyber Advisor: This Week in the US Markets This was a much anticipated week: the State of the Union Speech on Wednesday, the re-confirmation of Ben Bernanke as head of the Federal Reserve Bank, and the unveiling of the new Apple I-Pad. Unfortunately most of those were met with a “ho-hum” by Wall Street. In fact the Street showed little life until the release of the GDP figures (up 5%) on Friday.
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The Cyber Advisor: Financial Troubles for Greece In the second segment, we take an in-depth look at the troubles facing Greece. It’s really a double squeeze as their Sovereign Bonds have recently suffered a ratings down-grade. Which translates into higher interest expense, while at the same time, the global recession has meant lower tax revenue for the country. It’s a warning to all big spending governments.
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The Cyber Advisor: Regulation and Reform The head of Lloyd’s of London, Lord Levene has been outspoken in his support of the financial services industry, both in England and the United States. Here Lord Levene explains how misdirected reform can have unintended consequences. Like when Sarbane Oxley, the earlier reform aimed at the dot com bubble, resulted in London taking over as World Financial Capital from New York. Something to think about in this time of political reform
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