Category Archives: Articles 2011

An ill-wind blows Jag eastwards.

It’s an ill-wind that blows no good. The ill-wind that blew a gale from the West weakened sterling as an international currency. And that is where the good bit comes in. A relatively weak pound, in contrast to the mighty … Continue reading

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World stock market indexes 2011

In a word – disaster: a bad dream for those with investments and on fixed incomes. I have gathered some statistics and grouped sovereign states into five to see if any sense can be made of the year as it … Continue reading

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489 followed by nine euro noughts = 523

Half a trillion is slightly easier to get ones head around and 523 is the number of banks which rushed to get at this huge number of euros put up for grabs by the European Central Bank (ECB) at a … Continue reading

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Zombie

The first definition in The Chambers Dictionary 11th Edition (there are plenty of other explanations) is “A corpse reanimated by sorcery”. Or, in current banking parlance, a bank which relies on central funding to survive. If banks in the newly … Continue reading

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No chance of a second Credit Crunch.

What makes my book Quantitative Wheezing (ISBN 978-1-4466-6609-8) unique is that it catalogues the credit crunch crisis of 2008-2010 and such a crisis of credit availability cannot recur, at any rate in the UK. How come, you might reasonably ask. … Continue reading

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Isolated from what exactly?

I beefed-up the security on my home but some in the village are saying it isolated me from the burglars. I was once at a luncheon function at the UK House of Commons when Tarzan came swinging in from a … Continue reading

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White knight rides forth…..

White knight rides forth, part pensioner, part Chinese man and part Local Authority Official! We all know that “capital” is good and “revenue” is bad (usually). It makes eminent sense to spend on infrastructure projects since they provide work for … Continue reading

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Nine day trip to Germany

Even since I started writing the credit crunch diary (captured mainly if not entirely in my book Quantitative Wheezing – ISBN 978-1-4466-6609-8) “maverick” has been the term pretty much instinctively applied to Germany. We see the maverick riding into town … Continue reading

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A brilliant idea

I have just had this brilliant idea. In fact it is so brilliant I cannot conceive why no-one else seems to have thought of it. The UK (putting up Scotland as security) buys Greece, Italy and France (not Spain since … Continue reading

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Second-hand Porsches for sale, carriage from Greece is extra.

Here is an interesting statistic noted by Ian Cowie in the Daily Telegraph as researched by Professor Herakles Polemarchakis, the former head of the Greek prime minister’s economic department. I just had to regurgitate it (hard to regurgitate as Polemarchakis … Continue reading

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