I have had several exchanges recently with people, who on various financial topics, have told me that something did not happen and indeed could not happen even though we could both see that it had, and then quoted text book theory to prove it hadn’t. I tried to ignore the irritation but to no avail. […]
Theory versus the World Read More »
Part two. Before I get stuck in, I want to make it clear. it is not my intent to paint Depfa as angels and HRE as devils. Depfa did stupid things. Their funding problems were not so dissimilar to Northern Rock’s. But Depfa had far better assets. And therein is part of the story. So
Ireland was Germany’s Off-shore Tart – PART 2 – The US connection Read More »
Just in case some of you might be interested in the other side of my life, my last film is finally going out. It is called “The Secret Life of Waves.” You can read about it here It was a very difficult project and time as the film itself explains. Many thanks to my friend
"The Secret Life of Waves" – on BBC4 UPDATED Read More »
Things are looking up in the world economy. That’s what we’re told. In Davos they certainly are. According to the Bloomberg article entitled, “Wall Street Partying in Davos as Bankers Overcome Crisis“, JP Morgan made its highest ever profits last year Citi has returned to profit. The year of ‘mea culpa’ is apparently over as
A tale of two cities – Davos and Cairo. Read More »
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,
Ireland was Germany’s off-shore tart Read More »
We are NOT all in this together. Pat and Ron Eastman, who live near San Jose, California, bought a 2007 Maserati Quattroporte sedan in February for $108,000, replacing a Mercedes S-Class “This car is basically for play,” said Pat Eastman, a 56- year-old money manager. “It handles beautifully.” Her husband, Ron, a 58-year-old venture capitalist,
The Lower Edge of Luxury Read More »
Just to let you know the interview in Max Keiser is on now. If you want to watch on RT the times of the show are: 12.30 16.30 20.30 22.30 The interview is in the second half of the programme. So just add 15 minutes to these times. If you prefer to watch online the
Link to Keiser report interview Read More »
From a BBC film to be shown tonight called “Britain’s Banks: Too Big To Save?” 9pm on BBC2. “… the deputy governor of the Bank of England, Paul Tucker, said the serious flaw in the current banking system was that the bankers had got rich in the boom years while the cost of their failures
Bankers ooze arrogance again Read More »
I’ve been tol that the interview on the Max Keiser Show will go out on Thursday. In case you don’t know, Max Keiser goes out on RT (Russia Today) which is on Freeview. The show is then put up on YouTube fairly quickly thereafter.
Keiser report interview Read More »
Is China going to become more like the West or are we going to become more like China? It has been our arrogant assumption that China will, of course, become more like us. Western politicians and pundits seem to be constantly telling China how it needs to open its markets in order to be more
