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Tag Archives | RBS

Property bubbles and Banks – again.

Update: Aberdeen suspends trading on £580m UK Property fund and cuts price by 17% So begins an article in Investment Week. Aberdeen Asset Management has temporarily suspended trading in its £580m UK Property fund as well as reducing the price of the fund by 17%, joining a number of other groups in making property fund […]

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Some small thoughts – On the power-struggle between ‘money’ and debt.

Think back to the neo-liberal glory years when every ‘right thinking’ person could see clearly that governments simply had to be shrunk and their spending and debt reduced. Isn’t it interesting that this was also the era when the old limits on bank leverage  – how much the banks could print – were removed. It was also the […]

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Forests, Fire sales and Mark to Market.

What have Mark to Market accounting rules got to do with English forests and Fire sales? Officially?  Nothing whatsoever.  In my opinion? Everything. But it requires reminding ourselves how we got to where we are now. Back in 2008 the big banks were in fear for their lives, weighed down as they were with hundreds of billions in […]

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Ireland was Germany’s off-shore tart

Now that Mr Cowen has lost control of his party, coalition and country, the Irish can expect to be bullied and hectored from all sides. It is more important than ever for Ireland to defend herself against the claims that she owes the rest of us. She doesn’t. Every European bank exposed to Irish loans, […]

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