I can’t help wondering is one of the reasons the markets are feeling a little more confident recently is because they are finally getting their people in to the right jobs. I think there has been a worry in financial cricels that too many ‘off-message’ free thinkers might have crept into positions of financial influence. …
What has been the role of the media in this present and extended crisis? What most people, me included, want to believe is that jouranilists are like Woodward and Bernstein – brave seekers after truth. Fearlessly willing to uncover the truths that will hold the powerful accountable. Sadly this is very rarely the case among …
Sometimes even when you haven’t seen the stone drop, you know it has because you see the ripples spreading. A few days ago Hypo Real Estate, the massive and utterly bankrupt German Bank bailed by the German tax payer – their version of AIG – had to be given another €10 billion in loan guarentees. …
The divergence between bond markets and stock markets is all about what governments are going to do , for whom and when. Neither market, certainly not the stock market, has much to do with the health or otherwise of the companies whose shares and debts are being traded and priced. Two bits of Bond Market …
In the post above I listed commoditiy speculation as one of the areas the banks et al might look to, for bubble creation and synthetic profits to ramp their share price, which ramps the markets which gives the illusion of recovery. Well, the Journal of Commerce just published its Industrial Price Commodity Smoothed Price Index. …
Well here go! Remember that lift I mentioned before. Well is it just me, or can you feel that safety break slipping. The Pru’s deal with AIG is lost. They thought it might be their asian cash cow. I think they would have been disasterously wrong. So did their share holders apparently. So now Uncle …
Janus faced policy – Debt deflation AND Bubble inflation Read More »
Have you noticed how every banker wants the Recession to be over, but how everyone of them also wants someone ELSE to be the one to take the fall necessary to get it done? They all have plans for what ‘we’ should do. But I don’t think ‘we’ includes them. Listening to the policians and …
I thought you might be interestd to hear how the blog is developing. The first entry was on 30th of January. Making the blog 4 months old. During that time I have been surprised at how it has grown. Admitedly I know little about blogs and not much more about the web – so perhaps …
I am going away this weekend so I won’t be posting until Monday. But before I go I think it is interesting that this rally in the US at least does not look to me to be widely based. The volume of trades is thin and so much of the movement comes in the last …
Have you noticed that when National Debts get out of hand, the IMF arrives like the Inquisition, to ‘inspect’ and ‘assess’ and then with terrible ceremony and dread, pronounce anathema upon the sinner? When Banks, on the other hand, drag the entire world into misery – no one arrives other than government officials bearing sacks …
