Ireland now in talks with EU. It’s on the wires and the BBC. Eu officials said talk had begun. The European Commission hasn’t officially denied it. BBC reports figures for the bail out could be around 60-80 billion euros. That’s the news. More interesting is what the terms of the bail out will be. The …
Sometimes its hard not to think that we got our leaders from remainders and overstocks. And I think that is fast becoming the problem. They don’t trust each other we don’t trust any of them. Not one of them inspires confidence. How can they possibly hope to lead anyone anywhere. I wouldn’t follow them out …
Just thought I’d let you all know I was asked some pointed and worth while questions by a reader called Tomorrin. I have belatedly replied and thought some of you might find his questions worth a look. I hope my answers help also. You can find it at http://golemxiv-credo.blogspot.com/2010/10/who-are-bond-holders-we-are-bailing-out.html
European ministers said the plans for making bond holders share the costs of restructuring wouldn’t come in to force until 2013 and so won’t affect bond holders concerned about Ireland’s immanent default. Seems weak but I don’t thin it is. I think it is clever and gives Euro politicians there first advantage over the bond …
It’s one thing to fail, it’s quite another to be seen to fail and that is what happened at the G20. Two failures in one in fact. The G20 as a whole failed. It is quite evident that there is no possibility of an agreement or even cooperation. And within that failure America was seen …
Well boys and girls, Ireland is rolling over in the water, and Greece is venting steam as the water has now flooded its engines. The Greek government assured the world they had a plan. And they did, just not the one they told us about. It was, as I argued months ago, the Argentina plan. …
Mervyn King and President Obama are both talking today about the absolute necessity of collaboration and unity at the G20. They fear that the unity of purpose they think ‘stabilized’ the financial world after the first round of collapses is disintegrating into angry recriminations which may lead to the word that dare not speak its …
Ask yourself this – Why did the Fed announce QEII NOW? You may think as I and many others do, that QEII is madness. It risks not only the long term health of the dollar, but more immediately is also doing deep, lasting and irrevocable damage to the international order in which America is pre-eminent. …
Hello all, Sorry for the silent days. The book is now out. Hurrah! If any of you want to let me know what you make of it, please do. You don’t have to be kind. It is what it is, good, bad or infuriating. If any of you do like it, please feel quite at …
