Stock-Market Crashes Through the Ages – Part III – Early 20th Century

The 20th century could be categorized as THE century when communications took off and we started living in each other’s pockets. Lives had been ruined by war, trouble and strife. Wealth had been redistributed beyond belief. There were no longer just a few that were making the profits, but there were growing classes of people…

Obama on Bernanke: Thanks for Coming. Now it’s Time to Go!

President Barack Obama stated yesterday that Federal Reserve Chairman Ben Bernanke has stayed in his position “longer than he [Bernanke] wanted”. Some will be probably agreeing with Bernanke (and Obama) more than he might have expected after having said that. Although he should have stopped short of adding (for fear of hurting Helicopter Ben’s feelings?)…

Spying! China Condemns US: That’s Rich!

China! Honesltly, it comes to something when China jumps on the accusatory band-wagon asking the US administration to provide some comments about its monitoring programs and answer up to the international community. So, I guess China is now the defender of the faith! That’s rich! Well, it takes all sorts to make a world. They…

Iran: Sorry State

Iran is a right old sorry state (of affairs).  Plunged into recession, inflationary pressure that Abenomics wouldn’t mind having a bit of and Bernanke might just be getting if he carries on printing the greenbacks at the rate they are churning out of the Federal Reserve faster than a Ford-T in 1908. Anyone standing from…

G8 Summit: Just How Effective?

Lough Erne. Should read more like Laugh Erne! The G8 summit opens today in Ireland under the Presidency of Prime Minister of the UK, David Cameron. Beyond the fact that now given that the G20 exists and even the G77 (the more the merrier?), questions are raised as to whether the G8 is still willing…

IMF: It Ain’t Over Till The Fat Lady Sings

‘It ain’t over till the fat lady sings’. No, I'm not referring to Mrs. Lagarde and no, I don’t want a law suit on my hands. I’m just saying. The expression is commonly used to infer that people shouldn’t be presuming the final outcome of a situation, until we all get there. It’s not because…