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Gillian Tett
Gillian Tett

Gillian Tett

U.S. Managing Editor, Financial Times

Gillian Tett is an award-winning journalist, best-selling author, and the U.S. managing editor of the Financial Times, where she oversees global coverage of the financial markets. She is the author of “Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe,” which examines the 2008 financial crisis, “Saving the Sun: A Wall Street Gamble to Rescue Japan from Its Trillion-Dollar Meltdown,” and most recently, “The Silo Effect,” which analyzes the financial system through the lens of cultural anthropology. Tett was named “Columnist of the Year” by the British Press Awards in 2014.

More About Gillian Tett

Gillian Tett discusses how Bitcoin and blockchain are being used by some to fight poverty – but will bitcoin last?

Friday, December 22, 2017
“It is too early for outsiders to tell whether the naysayers are correct: there is simply not enough clarity on how big any bitcoin futures market will be, [or] how it will operate.”
Thursday, November 16, 2017

Gillian Tett discusses how the financial industry is transforming – and whether blockchain will be relevant five years from now.

Wednesday, January 20, 2016

In 2014, Gillian Tett argued, “Over the past two years … Bitcoin’s value soared from $50 per Bitcoin (in 2012) to $1,150 (in late 2013), before collapsing this year to under $400, when a scandal erupted about the use of Bitcoin for money laundering. That makes Bitcoin arguably the worst-performing asset this year.”

Friday, December 19, 2014
"A decade ago, it seemed natural to expect that the crisis would lead to a resurgence of the political left. In 2009 the Occupy Wall Street movement initially gained support for its campaign against free market excess. But today it is largely rightwing parties that have grabbed the biggest electoral rewards. Even when these groups campaign under the mantle of anti-establishment rhetoric, they generally have limited interest in overhauling (or even talking about) the structure of finance."
 
Thursday, September 6, 2018

"But here is one crumb of comfort: history suggests that bull markets usually end with a sudden crash, not a series of disorientatingly wild swings. In that sense, then, today’s markets are indeed unusual. But they also give seasick investors opportunities to jump ship."

 
Thursday, December 6, 2018

"Can China learn enough lessons to avoid the fate of Japan in 1997 — or America a decade ago? That trillion-dollar question will not be answered for several years. But the one thing that is already crystal clear is that if Beijing does ever succumb to its own boom and bust, the implications for the global economy could be devastating."

 
Friday, August 31, 2018
"Better still, why not create a new version of the bilateral Simpson-Bowles Commission, which proffered some sensible ideas under the last administration? This does not necessarily make for thrilling headlines, but it is what American voters and investors desperately need — particularly with the Fed still determined to keep raising rates. Let us hope someone shows the president that eye-popping $1.43bn daily debt bill — and then urges him to act."
 
Thursday, November 8, 2018

A review of Gillian Tett's book "Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe."

Thursday, June 12, 2008

"But the most interesting (and urgent) debate that needs to take place in response to what Mr Bernanke and the others have to say does not concern the US at all. The trio also revealed this week that they are surprised and dismayed by the degree to which Europe’s financial system remains troubled a decade on."

 
Thursday, July 19, 2018
"The FT's Gillian Tett discusses the 'flaw' in Alan Greenspan's thinking and how culture has been overlooked at the cost to the global economy 10 years on from the financial crisis. By understanding the role of culture in banking, are we more resilient to another crisis now?"
 
Monday, August 27, 2018
"The FDIC “works” because it does what it says: kills ailing banks, while protecting depositors. If the eurozone could build similar clarity, with whatever regulatory structure it chooses, it might start building a better financial world. Or, put another way, if the eurozone could kill 450-odd Spanish, Greek or French banks without a consumer or market panic, the euro might have a more viable future."
 
Monday, July 16, 2012

Gillian Tett shares stories about her experience at the Financial Times and explains how her background in anthropology has helped her identify financial bubbles in technology and the economy. 

Sunday, July 22, 2018

"Tett's doom-mongering did not make her tremendously popular. Largely, her cautions were ignored, and when they weren't ignored they were subject to criticism. 'We had enormous kickback from the bankers in the City saying, 'Why are you being so critical of the industry? Why are you being so negative?' All that kind of stuff.' On a trip to the economic forum Davos in 2007, she was even denounced from the stage. 'One of the most powerful people in the US government at the time stood up on the podium and waved my article, the article that predicted the problems at Northern Rock, as an example of scaremongering.'"

Thursday, October 30, 2008

Gillian Tett argues, "[o]f course, the US’s credibility could crash if it suffers its own sovereign debt crisis. This is a real and rising threat in the medium term, given Mr Trump’s budget-busting tax cut and spending bills. Some people on Wall Street are so concerned about this that they tell me they are developing dollar alternatives, as a hedge for clients. But these focus on digital hedges, using blockchain or gold — not euros, yen or renminbi."

 
Thursday, September 27, 2018
"But this economic logic is unlikely to sway Mr Trump right now, least of all when the White House is preparing for a meeting with Chinese president Xi Jinping. So it is worth asking why the bilateral statistics are moving the wrong way. Part of the explanation is — ironically — the US’s current economic strength: fast growth usually sucks in more imports. (Or, as some of Mr Trump’s own advisers used to half-jokingly tell him, with limited success, the easiest way to solve a trade deficit is to create a recession.)"
 
Thursday, November 15, 2018