One of the first and most crucial instructions novice pilots are given in how to communicate with the aircraft control tower is to keep communication brief, clear and relevant. “Think about what you are going to say before saying it. Mentally go over exactly what you will say before touching the radio and keep it […]
Delta One, this is Control Tower Two Calling, Please Respond…Over Read More »
On October 5th 2010 there was an audible gasp in the French courtroom at the historic Palais de Justice when the 'rogue trader' Jérôme Kerviel was convicted of a breach of trust, computer abuse and forgery. The 33-year-old was convicted of all three charges and was sentenced to five years' imprisonment, with two years suspended.
The twists and turns of the Euroland crisis are happening on an hourly basis. Greece (once again) is apparently the big issue. However, it’s fairly certain that the banks the ECB have announced it’s lending dollars to tomorrow will not be Greek. That’s not a typo, the ECB is lending dollars to two European banks,
Greece is the Word as the Risk of Global Recession Increases to DEFCON 4 Read More »
The European Commission President Jose Manuel Barroso has a plan and it’s backed by a string of high profile figures as a ‘rescue plan’ for the debt crisis Euroland and moreover the major European banks face. The plan is to issue “eurobonds” as a crude method to ‘mop up’ all the pain and share the
The name's Bond, Eurobond Read More »
There is a phenomena occurring throughout Europe that is being hushed, the topic is money flight and it belongs in the same Pandora’s box of discussion subjects governments and central banks would rather not be part of lunch or dinner table ‘investment discussions’ amongst the masses.. “So I rushed down to Barclays at lunch time,
Money Flight and Pulling Gold Teeth Read More »
[quote]Any strategy to reduce intergenerational poverty has to be centred on work, not welfare, not only because work provides independence and income but also because work provides order, structure, dignity, and opportunities for growth in people’s lives – Barack Obama..[/quote] Using percentage figures to describe the predicaments of unfortunate sections of society often hides and
USA Unemployment Leads to Rising Poverty Read More »
Amongst the many human characteristics many of us find unpleasant the penchant for saying “I told you so” must rank high. Listening to, or reading commentary from long term opponents of the European Union, who are now basking in their fifteen minutes of revitalised fame as the Economic and Monetary Union of the European Union
If the European Monetary Union collapses what happens next? Read More »
Scalping is the act of removing another person's scalp or a portion of their scalp, either from a dead body or from a living person. The initial purpose of scalping was to provide a trophy of battle, or portable proof of a combatant's prowess in war. Eventually, the act became motivated primarily for financial reasons;
Disambiguation – Aka Forex Scalping Read More »
There were respected economists such as Nouriel Roubini who, as early as 2005-2006, spotted the dangers the shadow banking system were potentially causing the credit markets. When the cardiac arrest came in 2007-2008, perpetuated by Bear Sterns and ultimately leading to the collapse of Lehman, economists such as Nouriel did not bask in ill timed
Kick it into the long grass, kick it further, then bury it Read More »
Equities received a modest boost in USA in late trading on Monday evening as news emerged that Italy is apparently courting China trying to get it to buy as much of it’s ‘junk’ as possible. Apparently these negotiations have been conducted ‘in camera’ for weeks but only now the news has leaked. Desperation or inspiration,
Italians Wooing Chinese to Buy Italian Bonds Read More »
