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Deus Ex Macchiato
Moving on
Bring a problem parties – speed therapy
Sometimes, when you are talking to someone, you come on an idea that makes so much sense you are surprised that it has not been thought of before. Often these ideas are not anyone's in particular: they emerge somehow in the conversation. Bring a problem parties are an idea like that.
A manifesto
I suspect that some, perhaps a preponderance, of my readers are not of my political persuasion. So you might well disagree with the following. But with an election less than a year away, I wanted to write down the core of the manifesto I would propose if I had a big say in a...
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Keynesian traps and flooding the building
A frequent correspondent sent me a link to Phillip's Economic Computer, a wonderful analogue device designed to illustrate the flow of money within the economy. And that got me thinking...
A very rough and brutal sketch of Keynes' classical account of the savings trap is that if people save too much,...
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One of the many reasons I am depressed
I believe the brain trust behind the Obama White House has made a huge tactical error.
As Rahm Emmanuel likes to say, one should “never waste a crisis” — and the White House has done just that...
There was widespread popular support for a full reform of finance. What...
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Adair dares, and other unlikely tales, updated
The headline, of course, should have been British bank watchdog states the blatantly bleeding obvious, but I suppose that is a little more sensational than Financial Services Authority chairman backs tax on 'socially useless' banks. Still, most observers would agree with Lord Turner that much financial activity is socially useless; that the...
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HRbots and the false comfort of quantification
One of my favourite cartoon characters is the evil HR director Catbert, from the Dilbert series. Catbert epitomises the Machiavellian intrigues and Catch 22s that epitomise the HRarchy. The character would be funny if she wasn't so accurate.
Catbert immediately to mind when I read a Netflix presentation on...
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Oh I do love to be beside the sea side
Willem Buiter took a month off from his FT blog, and I think I am going to follow that lead, so expect something in September. Meanwhile, here's some coastline.
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This collateral smells a bit off
The vaults of Credito Emiliano SpA hold the pungent gold prized by gourmands around the world -- 17,000 tons of parmesan cheese.
The regional bank accepts parmesan as collateral for loans... two climate-controlled warehouses hold about 440,000 wheels worth 132M Euros...
The bank offers loans for as long...
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Excess Liquidity
Ian Campbell, on breakingviews.com, has a nice statement of a view I have had for a while.
in their anti-deflationary fervour, central banks may be creating more money than depressed economies require. The surplus creates "excess liquidity" - which may be feeding a new series of stock, commodity, property and bond bubbles...
Sebastian...
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- SpongeBob fans add to BP anger - TelegraphThe great BP clean-up has begun. With the well capped and the chief exec axed (sorry, sidelined), the company can start the long process of purging both the beaches and its reputation of the dirty black marks of oil residue.0 comments […]
- shadow-economies-on-the-rise-around-the-world: Personal Finance News from Yahoo! Financeไทยติดอันดับ7ใน10ประเทศที่มีเศรษฐกิจเงา ที่ทับซ้อนเศรษฐกิจจริงของประเทศ คิดเป็นมูลค่า 57.2% ของจีดีพี http://yhoo.it/bimY7E0 comments […]
- BP's evaporating oil slick leaves America without a villain - TelegraphWith the gush from the BP oil spill plugged for the past two weeks, experts are beginning to question whether it can really be called an environmental disaster at all, writes Alex Spillius.0 comments […]
- The week's Top 10 videos on MarketWatch Top Ten - MarketWatchTop Ten: The week's Top 10 videos on MarketWatch: In case you missed them, here are the top 10 videos that appeare... http://bit.ly/9Nntyj0 comments […]
- Home Bancshares Buys Two Lenders as U.S. Failures This Year Climb to 108 - Bloomberg#Home Bancshares Buys Two Lenders as U.S. Failures This Year Climb to 108 - http://ow.ly/2jb390 comments […]
- G20 Riots: Ian Tomlinson 'attack officer' PC Simon Harwood pictured for first time - TelegraphG20 Riots: Ian Tomlinson 'attack officer' PC Simon Harwood pictured for first time: Telegraph.co.ukThe police offi... http://bit.ly/aZnmto0 comments […]
- Claridge's hotel owner looks to US private equity for help - TelegraphThe owner of Claridge's and The Connaught is close to finalising an emergency £600m restructuring that will see the private US property manager Westbrook Partners become a leading investor in the prestigous hotels group.0 comments […]
- Economy in U.S. Will Probably Keep Cooling as Lack of Jobs Limits Spending - BloombergEconomy in US Will Probably Keep Cooling as Lack of Jobs Limits Spending: The expiration of the incentive has caus... http://bit.ly/9wmhGQ0 comments […]
- FT.com / Books - The language of foodSimon Schama on the connection between language and food. http://bit.ly/dzLbMr0 comments […]
- SEC vs. the media, round two - Jul. 30, 2010SEC vs. the media, round two: The Securities and Exchange Commission was not seeking a blanket exemption from publ... http://bit.ly/dlZidN0 comments […]
- 7billion a year skimmed off our savings - TelegraphMore than £7.3billion a year is being “skimmed off” the value of Britons’ savings by City bankers and fund managers, an investigation by The Daily Telegraph has found.0 comments […]
- Home sellers are unhappy with real-estate firms Real Estate Weekly - MarketWatchHome sellers are unhappy with real-estate firms http://on.mktw.net/9S2AuJ0 comments […]
- China says it has overtaken Japan as world's No. 2 economy - Jul. 30, 2010RT @JobsDirectUSA: China says it tops Japan as No. 2 economy http://bit.ly/dmOyzM http://CarlosGil.us0 comments […]
- Worst job on Earth: calling all applicants - Jul. 30, 2010CNN ,Bloomberg: Worst job on Earth: BP calling all applicants http://bit.ly/cAy32m Full http://bit.ly/bxEWtL1 comment […]
- The Buzz: Consumers aren't spending. That's a good thing. - Jul. 30, 2010Consumers not spending like drunken sailors: The economy is heading nowhere fast. That's the bad news. But the goo... http://bit.ly/9PucjL0 comments […]