U.S. stocks have slumped dramatically, the Dow Jones Industrial Average has suffered its biggest two day decline since November 2008 to finish the trading day 3.51% down. The investors’ concerns, that policy makers are running out of tools to avoid another global economic recession, will not disappear. All ten industries represented in the Standard & […]
The World is on the Eve of the Next Financial Crisis Read More »
How economic literate are you? Some twenty years back as a bit of pre work 'fun', I set a small team of salesmen I was managing a pre work test. As with all our Wednesday sessions there was a prize at stake which always ensured a competitive edge to the quiz. The test had ten
Making Sure You Muse on Forex News Read More »
The slump in share values and the volatility of the forex markets hasn’t reduced me to swearing, I moved on a few years back from swearing at the monitor and “the markets” when my trades went bad. Oh ok, I admit it, I still do it now and again, but hey, you have to have
Fracking Shale Gas, Fracking Economy Read More »
During the 2008-2009 banking crisis the FDIC website experienced a surge in traffic. Plenty of observers have kept a ‘weather eye’ on the site since. It listed and continues to list failed banks and financial institutions in the USA whose depositors and investors required assistance from the Federal Deposit Insurance Corporation. The late 2000s financial
The Recent History of Epic Bank Failure has been Forgotten Read More »
The 2011 film Contagion has been a relative hit with USA movie-goers. On the independent film peer review site rottentomatoes.com it's rated highly. There was a French film in 2009 also called contagion and the suspicion is that in the very best 'Hollywood tradition' the film industrial complex of America has taken a great foreign
Contagion – Don't Talk to Anyone, Don't Touch Anything Read More »
As predicted the Fed, in the form of Ben Bernanke, announced the next phase of the Fed’s policy in the latest attempt to hold off a double dip recession. Overall the narrative lacked the dynamism and the policy lacked the ingenuity many commentators were expecting. Beyond that already pre-announced, in the form of quasi ‘leaks’
Twist, Stick or Bust? Read More »
Whilst all the focus is on the plight of the Eurozone the domestic financial mess the USA is locked in continues to escape rigorous scrutiny. California is bust, Jefferson county can’t afford its sewers and now we learn that Wayne County Detroit’s morgue can’t afford to bury, or cremate their dead. Having sacked three out
Bring Out Your Dead…or Pile Them Up Read More »
It's quite an experience being a neutral at a high profile football match. I was lucky enough to get tickets to watch the Community Shield*, the curtain raiser to the English football season held each August. Unlike previous visits to Wembley stadium, (particularly the old stadium), I had no nerves, I could sit back, relax
Oh the irony. There must be many cynical readers of the various wires from Bloomberg, Reuters, The F.T etc who chuckled when they read the criticism of the poker site Full Tilt Poker. An indictment has accused three Internet poker companies; Full Tilt Poker, Absolute Poker and PokerStars and 11 people, including Full Tilt director
Pot Calling Kettle Black, U.S. Authority Calls Online Poker Site a Global Ponzi Scheme Read More »
[quote]He’s not the messiah, he’s a very naughty boy.. – Monty Python, Life Of Brian.[/quote] There was a time when politicians made an effort to set the moral agenda. However, given the refusal of leading politicians (in all countries) to accept any responsibility for their actions it comes as no surprise when the CEOs of
Falling on your sword is just so last century Read More »
