The “rabbit hole” is an accepted metaphor for the conceptual path which leads to the true nature of reality. Infinitesimally deep and complex, venturing too far down is probably not too clever an idea, you have to wonder if beginning to expose just how deep the global economies’ rabbit hole is burrowed will now irreversibly […]
[quote]A day will come when all nations on our continent will form a European brotherhood. A day will come when we shall see the United States of America and the United States of Europe, face to face, reaching out for each other across the seas. – Victor Hugo 1848.[/quote] In December 1996, the designs for
The Euro is Dead, Long Live the Euro Read More »
So a nuclear physicist, a lawyer and a history student walk into a meeting..if you were expecting a joke, or an ending with a punchline, then I’m sorry to disappoint. The nuclear physicist is Ms. Merkel, the lawyer is Ms. Lagarde and the history student is one George Osborne and this trinity of (supposed) brilliant
Politicians, And Their Three Hats Read More »
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 »
