That we are in a currency war is now obvious. That our leaders cannot stop it becoming deeper and more acrimonious, is, after the total failure of the IMF meeting to find any policy agreement at all, now also obvious. They cannot solve it for the simple reason that is it their policies that are …
Just a very quick note. The Guardian and other papers peddling the “European Banks might leave for pastures greener if EU rules on pay, risk taking and bonuses are enacted.” Could I just point out one thing. European banks CANNOT go anywhere so long as they depend for their very survival on their respective governments …
So just exactly how much trouble are our banks in? THAT is the question that is growing like a strangling vine in America. And of course if it’s the question there, it’s the question here. And as always there are two answers, because there are, and have been for two and a half years, two …
This is some recovery we’re having isn’t it? In the latest ‘forecast’, I put it in quotes because I’m not sure how something that is revised up and down faster than a whore’s drawers can possibly be called a ‘forecast’, but that aside, the IMF now thinks the US economy will now not grow at …
The Debt Generation is now ready to pre-order! It will be ready to ship out at end of the month. You can order it direct from the distributor’s secure web site (They are a long established firm – used to be part of Longman Academic publishers, so they are safe and reputable) where the book …
I have been saying for a while now, (Lesson in Pain and Lies, In Trouble, Jump First, and Debt Madness) I think Japan is the wild card that could wreak every one’s picnic. Not so long ago Prime Minister Kan said he thought Japan was at risk of collapse under the weight of its massive …
Things are hotting up in America. A class action suit has just been filed against a clutch of the biggest American banks and the entire MERS system I mentioned yesterday and the best part – the suit uses the Federal racketeering law RICO. That is the anti Mafia law. There is such a delicious justice …
I am tired of reading about how bank bond holders must not be hurt, offended or made to suffer any losses. I would like to get a few things straight. First there is absolutely no legal, moral, ethical or even practical reason why bond holders in a bank or any other financial institution should not suffer losses. …
For some time now (in May and June) I have been suggesting that there is a dangerous political divergence opening up between Europe and America. Although such thoughts are just that, just thoughts, as I, like you, have no access to the thoughts and intentions of our leaders, I continue to see ominous signs. For what they are …
If you go back and read the 2010 Irish budget as laid out in 09 and then the additional budgets since, you can see all the slashing and burning of public spending. All essential, the Irish people were told, in order to cut the budget deficit. Around €5 billion in cuts. All of which, every …
