Influx

The latest data from Edelman's Trust Barometer makes for a compelling read. As the chart above illustrates; banking seems to be suffering something of a trust crisis, while technology and automotive appear to be doing much better.It's clear that banking needs to follow more in the footsteps of...

While we are being told by the likes of The Futures Company that American corporations are disconnected and distrusted by consumers, outside of oil companies, banks seem to be the category in the most trouble. The latest foreclosure crisis is a case in point. Something appears really rotten in the...

A couple of months back, sociologist David Harvey spoke to an audience at the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) in London. His talk was all about explaining the recent crisis as a crisis of capitalism and something that warrants deeper exploration, at...

Edelman has just released it's annual survey and to prove it seems to be measuring the right things, the data it uncovered on banks is astonishing- their trust rating has plummeted like a stone- from the 3rd ranked sector in the US to the 9th and a rating drop in excess of 30 points. Looking at...

Everyone knows that many banks are still in trouble and most people have a clear idea where the blame lies, with the banks themselves. Quite simply, there's no love lost between bank customers and the executives who are seen as part of a financial establishment that's taken advantage of exploitable...

While a surging Dow gives us the impression that all is well and things are slowly returning to normality, but a more sober reality lurks under the surface."A decade ago, during Japan’s banking crisis, officials eventually managed to halt their woes by summoning senior bankers into a...

A statistician has proclaimed that last week's crash was indeed a Black Swan. An event so rare, it can be compared to winning the lottery twice in a week.Posted by Ed Cotton

Here's a great visual from The Deal that explains the packaging and re-marketing of credit. Sort of explains how the badness was turned into goodness and everyone slept soundly at night until the day they realized the badness was real bad. It's also the system that propped up the consumer economy....

We might be in real trouble, but our experts are confused and uncertain."Is the global financial system headed for a meltdown? From Nobel Prize-winning economists to captains of industry, the world’s top experts are united by a common answer: We don’t know."From Foreign PolicyPosted by...