Where’s Benjamin?

The Federal Reserve has had $1.2 million swiped from a flight somewhere between Switzerland, the land of secret banking, and New York City. Now, in the ranking of thefts that have taken place in history, this one seems like it is rather untimely! Has anybody seen Ben Bernanke lately? What’s even better is that the…

Trichet on Bernake

Jean-Claude Trichet, the former head of the European Central Bank, in an interview with CNBC stated that there was only so much that central banks could do to save the economic situation at the present time. He also went on to say that Ben Bernanke was doing what should be done right now. He spoke…

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)…