Category Archives: Articles 2012

Mr Abe versus his own bank.

Over the past four years I have written many articles on the state of Japan, which lest we forget, is still the world’s third largest economy. Japan’s Liberal Democratic Party (LDP), as headed by Mr Shinzo Abe, has just won … Continue reading

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Magic roundabout.

This short article has the potential to be misleading in that you might think something has happened when in fact it hasn’t. The illusion works like this :- • The Bank of England, an organ of the state, plucks £375bn … Continue reading

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Basel 111 and the back burner.

The Basel 111 rules which were agreed two years ago and have received regulatory approval by the UK, USA and European authorities, require banks to hold loss-absorbing capital equivalent to 7% of the size of their individual risk-weighted assets. For … Continue reading

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Of nuclear pickle.

Three articles ago was a short piece called “China v Japan ….” It is worth a re-read since things are getting worse with naval and other “military training” now taking place off-shore the Islands in question. It is hard to … Continue reading

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The new Bond film.

Definition of film, “a coating of a sensitive substance”. If there is to be a new credit bubble, it is likely to arise from a resurgent corporate bond market. Thus we have a new bond film. If one is a … Continue reading

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Corporation tax, and how to avoid it.

Whilst sipping my Americano this morning, this interesting snippet popped up (Helia Ebrahimi, DT). In the latest accounts Costa Coffee as owned by Whitbread paid corporation tax of £15m or 30.5% of its profits derived from £377m sales. Starbucks with … Continue reading

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China v Japan – small bits of land – huge consequence.

Two years ago and in Kuala Lumpur a friend of mine mentioned the smouldering tension that was the Senkaku/Diaoyu islands in the East China Sea. Like, I suspect, most Westerners it was news to me. It isn’t any more, nor … Continue reading

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Profit from thyself – impossible.

All my lifelong training and experience says that making profit from oneself is impossible. “Profit” by definition is added value at the expense of another party. Unless maybe we think of a non-accounting definition of profit such as Shakespeare’s to … Continue reading

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Alice in suckerland.

At the risk of agreeing with the Red Queen, Sentence first- Verdict afterwards, it always seemed logical to think that those in high places being highly educated and highly paid, would be respected. No so any more. LIBOR ( Lie … Continue reading

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More dosh: no dice.

It crept in with the quietest of whimpers; the BBC gave it about seventh billing in its evening news bulletin. It might only be 15% of what had gone on before but still, £50bn is an awful lot of money. … Continue reading

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