Mervyn King’s Final Curtain Call

Mervyn King, the outgoing Governor of the Bank of England played his last curtain call today in the play that is running at the Old Lady of Threadneedle Street as he took the leading role at the last hearing of the all-party Treasury-Committee in the UK. Did he fluff his lines and need a prompter?…

Where to Go When the Chinese Bubble Bursts

So, we have gone from dire straits, to ‘reasonable’ and now to ‘ample’ and that’s all in the space of just under a week. That’s a turn-around on the liquidity and cash-strapped situation of the state of the Chinese economy, isn’t it? If only we could all be like that everywhere in the world, every…

Markets Don’t Like China's ‘Reasonable’

China’s central bank issued a statement that the Chinese banking system had liquidity levels that were “reasonable” today. There by hangs a tale. ‘Reasonable’ is that which may fairy and properly be required of an individual (a case of prudent action observed under a set of given circumstances). It is just, rational, ordinary in usual…

The Greatest Trades Of All-Time

The top trades and who made it big. We all knew it; but somebody has gone and brought us the proof straight from the horse’s mouth. Money makes people lie, cheat, steal and do other immoral ill-doings and now it’s official. The Journal of Organizational Behavior and Human Decision Processes has recently published (May 2013)…

European DisasterZone

Europe looks like a disaster-zone right now. There are days when you wake up and you know something is going to hit the fan in untimely fashion. That’s when you are more than likely to want to roll over and go back to sleep, but the nagging little voice tells you to get up and…

Eurozone Banks: Confidence Gone!

As if the Greeks don’t have enough to deal with right now with their country cut off from the benefits of a national television and radio station. What is it they say in the UK? Something like ‘when it rains it pours’. You might as well get your brollies out boys and girls, as this…