Despite the financial markets having suffered losses in the first instance — spurring the European Central Bank decision to inject EUR750bn into the system — it is the real economy which will be the hardest hit by recession....
It’s time to learn about a unique type of bonds — so-called "cat bonds". But these are not “pussycat” bonds for the benefit of cats. This time the cat is not some kind of tabby — it is an abbreviation for catastrophe....