This year we have lived through something more than a financial crisis. We have witnessed the death of a planet. Call it Planet Finance. Two years ago, in 2006, the measured economic output of the entire world was worth around $48.6 trillion. The total market capitalization of the world’s stock markets was $50.6 trillion, 4 percent larger. The total value of domestic and international bonds was $67.9 trillion, 40 percent larger. Planet Finance was beginning to dwarf Planet Earth...
Definitely very interesting stuff, in depth with Niall Ferguson over at Vanity Fair.
Ferguson seems to be everywhere at the moment thanks to his book, 'The Ascent of Money'.
Try:
And below you'll find an interview with him for Bloomberg's Pillow Night Talk.
