News out of Japan – the government has just announced a 915 Billion Yen stimulus package. The package is aimed at jobs, housing and domestic consumption. Finally after two decades of frantically and fruitlessly pushing the button marked, ‘exports’ it has dawned on somebody over there that nurturing domestic consumption might help a bit. Along …
Money has been flowing OUT of US Equity Funds (funds which concentrate of stocks and shares) for three years now. $234 billion in ’08, a further 9 billion in ’09. This year we are now in our 18th straight week of continuous investor withdrawals. Totalling so far over $52 billion. And yet, an article over …
A day of rumours. Two banks at opposite ends of the European spectrum are in need of funds. At the bottom, the undisputed champion of barrel scraping imbecility, Anglo Irish. Bleeding from every orifice, it will have to get a straight bail out from the ECB. Whether a full and large bail out would be …
I just thought maybe I should have explained a little about Absolute and Comparative advantage. So for those who are not clear and would like to know here is a quick and simple version. Imagine a world where your country and mine both make nails and hammers. I am great at nails not so good …
Sometimes it’s the little details that get you thinking isn’t it? Did you know that the Renault/Nissan company just announced that it is planning to boost jobs in South Korea so as to be less reliant on Japan? In other words Japanese car manufacturing jobs are being relocated off-shore. A tiny detail in world affairs. …
This morning listening to Radio Four I heard a reporter say,”The political climate has changed. It’s no use bleating to the government any more.” He was referring to the dire effect on employment and levels of poverty that the cuts in government spending would have on the North East of the country. Times have changed …
It’s been a long irritating summer hasn’t it? Listening to the flatulent exhalations of central bankers and assorted experts has tried my patience. Reading the financial news was like watching Strictly Ballroom re-cast with Pollyanna financial prancers all with their ‘Happy face on’. The Stress Test was perfect and all the banks are fine. US …
Round Two of the European debt rip-off getting started Read More »
Just to let you know the book is proofed and at the printers. They tell us it should be available to order by 14th October.
Remember the European debt crisis? When everyone was horrified at Greek debt and then started to eye Spain, Ireland, Italy and Portugal with suspicion as well? All the pundits muttered darkly about which banks were most disastrously ‘exposed’ to Greek or Spanish debt. Charts were made, names named, figures compiled and arrows drawn. It was …
I think it’s time we took a dispassionate look at what the markets are really telling us rather than what the financial media say they are telling us. The meta story about the markets is that money has been flowing OUT of the stock market and into the Bond market for the last 17 consecutive …
