The Politics Of Fear
“I’m getting increasingly worried about the free movement of people across Europe. It’s a very competitive world out there and my constituents resent that.” — Huddersfield Labour MP Barry Sheerman,...
View ArticleHand To Hand Combat With Martin Wolf
“James and I both have Range Rovers for running around, but he’s also got a black Lamborghini and a black Rolls-Royce, and I’ve a white Ferrari and a white Rolls-Royce…I’m bored with designers like...
View ArticleMust Read
“Working at my desk today was somewhat surreal. Global risk markets were closing out a dreadful week. Newswires were full of disconcerting articles – J.P. Morgan, Greece, Spain, Italy, China, etc....
View ArticleMayday
“There’s enough bang in there to send us all to Jesus.” - Anonymous commentator on the nature of JP Morgan’s Chief Investment Office credit exposure. The most important attribute of any investment is...
View ArticleLibor Pains
“It was when Nick Clegg joined the campaign against Bob Diamond that I started to feel a sliver of sympathy for the now former-boss of Barclays. Not very much sympathy, mind. Just a tiny bit. But put...
View ArticleBroke Bank Mountain
Why, for example, do we need a central bank at all? A typical if feeble answer is that we need a lender of last resort. To which the answer is: why? Why do we need a government-appointed entity to...
View ArticleAn Olympian Hurdle
Very little has definitively changed during the course of the financial crisis and where there has been evidence of change, very little of it seems to have been positive. Governments appear to believe...
View ArticleThe Mess We’re In
“The genius of our ruling class is that it has kept a majority of the people from ever questioning the inequity of a system where most people drudge along, paying heavy taxes for which they get nothing...
View ArticleGreat Expectations
Brazil bank strike Central bank staff are striking for a 23% pay deal to keep pace with inflation, even though one of the institution’s key roles is to curb inflation. - FT News Briefing. The Chinese...
View ArticleThe Greatest Trick
“I believe in an America where millions of Americans believe in an America that’s the America millions of Americans believe in. That’s the America I love.” - US Presidential Candidate Mitt Romney....
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