Chinese Banks Ready to Go Bust

  Dive! Take cover! Or, at least, hold on to your pants in the scramble. The Chines bubble has just burst. It looks like the world is going to have egg on its face and elsewhere as Chinese banks are scrambling to get the hands on cash. Chinese cash rates didn’t just increase they shot…

Bernanke: King and I

Some have been asking for quite a while now what Ben Bernanke will be up to when he finally gets to close his office door at the Federal Reserve for the last time? Will he be sunning it on some Cayman Island beach? Will he be cut into little pieces in the tapering tantrum that…

Dark Side of Wall Street

Not so long ago, the Mayor of New York, Michael R. Bloomberg stated that people who read the Wall Street Journal don’t get killed. It came in the wake of yet another bout of US pangs of questioning doubts over whether there should be lax gun-laws in the country. People who subscribe to the WSJ…

G8: Smile!

Apparently, the highlight of the round-up of the G8 summit in Lough Erne might just have been that David Cameron went for a morning dip to swim a couple of lengths. That’s about as far as he might have got anyhow, considering that little all else was decided. But, hey, it doesn’t matter. The G8…

Dollar Set to Rise Again

The Federal Reserve will be making an announcement today. The world is waiting with baited breath (at least feigned) to decide whether the bubble busts or it continues to grow in size as Ben Bernanke decides to cut back and taper quantitative easing or continue down the narrowing road that will turn the Federal Reserve…

Bankers: Do not Pass GO, Do Not Collect millions and Go Directly to Jail!

A new banking report is published today in the UK. There are jobs that nobody wants to do really, aren’t there? As your kids are growing up, you hope they don’t ask you one day to come and sit down as they have something serious to talk to you about. Dread! You know what’s coming:…