Home / Tag Archives: Steen Jakobsen

Tag Archives: Steen Jakobsen

Steen’s Chronicle: The Marginal Cost of Everything

Chief Economist & CIO / Saxo Bank – Denmark Profit both drives and explains stocks Rising cost of capital will filter through to profits in autumn Ignore rises in capital costs at your peril Best advice? Stash your cash and use it later Studying economics, to be honest, is of …

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Greece: Beyond the Brink

There is exactly the same feeling into the air as before the Lehman default. I remember being almost alone in thinking Lehman would fail to remain afloat, but both the market and the Federal Reserve kept seeing last-minute solutions. The decision is similar. Lehman was perceived as being too “difficult” to save; …

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