Category Archives: Articles 2010

Worry beads.

A string of miniature worry beads did not, as I had anticipated, burst from my Christmas cracker. Nevertheless, worry beads are a Christmas cracker for the dying days of 2010. The use of worry beads is as old as human … Continue reading

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Come back British Railways, all is forgiven.

Sir Roy McNulty has produced an interim report on the value for money of the UK railway network. In it he claims to have found “substantial scope for change” based upon costs that have risen from a taxpayer contribution of … Continue reading

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Ireland’s knock-out and knock-on

Notwithstanding the placatory statements from Irish politicians, Ireland has agreed a loan of between 80 to 90 billion euros. This loan is intended to be used to recapitalise its banks and provide a contingency fund against government borrowing. Thus, the … Continue reading

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Half way to paradise

You will not read this anywhere else. After a self-conducted, self funded and wholly scientific survey, I can report with absolute confidence that the UK is exactly half way to regaining the economic position held just prior to the collapse … Continue reading

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More money printing in USA

The UK stock market loves it, quite a few economic commentators hate it, but whatever, the US Federal Reserve has taken the big decision to place a further $600bn of new money into the economy adding to the $1.7 trillion … Continue reading

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Bring back UK GAAP

Nigel Lawson (OK we all prefer Nigella) was by most reckoning a good Chancellor of the Exchequer. That though was a while ago. Now as Lord Lawson and in his capacity as sitting on the House of Lords Economic Affairs … Continue reading

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Another month, another record debt

Guy Fawkes might well be drifting further into the background but UK debt continues to sky-rocket. The lecture by the Governor of the B of E to SOBER up (see article dated 4th November 010) might equally well be addressed … Continue reading

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Forget being NICE, get SOBER

The one man we have come to rely on to steady the ship through the storm of the credit crisis has developed a penchant for acronyms. Mervyn King, Governor of the Bank of England, believes we in the UK have … Continue reading

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Basel 111

It is 22 years since regulators chose a beautiful Swiss town to lay down rules that, principally, were intended to force banks to maintain a level of balance sheet strength such that a financial firestorm would be avoided. As we … Continue reading

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China’s open and closed door

You are welcome to come in but you cannot take our valuable stuff away. That, very crudely, seems to be the current trading stance of the increasingly behemoth middle kingdom. Xi Jinping, China’s vice president and maybe president-in-waiting, told an … Continue reading

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