“More than half of all workers have experienced a spell of unemployment, taken a cut in pay or hours or been forced to go part-time. The typical unemployed worker has been jobless for nearly six months. Collapsing share and house...
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The price of everything
Something has to give
QE2 – economy overboard
“Over the medium term, participants saw both upside and downside risks to inflation.” - Minutes of the US Federal Open Market Committee, once again boldly telling it how it is. Optimism may well play a key role in human evolution...
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Money-printing: a warning from history
"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their...
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Enduring the ‘Phoney War’
“We believe that overall, the tests will be positive.” - Unnamed banker in London, as reported in the FT. “The stress test idea is a shambles. The whole thing is a complete joke.” - Unnamed analyst in London,...
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Without a doubt
“If we begin with certainties, we shall end in doubts; but if we begin with doubts, and are patient in them, we shall end in certainties.” - Francis Bacon. “A good man always knows his limitations.” - Dirty Harry. If...
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Blame Léon Walras
“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July 2001 to Joseph Stiglitz, Kenneth Rogoff identified this problem. “One of my favourite stories from that...
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Not inspirational
“The announcement of the rescue package failed to stabilize the situation, perhaps because more people knew how deep the problems went than the government realized.. None of the central bankers had faced an international financial crisis before; they therefore had...
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The return of real money
“The UK Debt Management Office (DMO) has been voted the most impressive sovereign funding team and DMO chief Robert Stheeman as most impressive sovereign funding official, said EuroWeek. The top award comes as the DMO sold a record £227.6 billion...
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Angela triggers a gold rush
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense.. that gold and economic freedom are inseparable.” - Alan Greenspan, unbelievably. Philipp Bagus, on the consistently excellent Mises website,...
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Hard money for hard times
“Britain in 1945. No supermarkets, no motorways, no teabags, no sliced bread, no frozen food, no flavoured crisps, no lager, no microwaves, no dishwashers, no Formica, no vinyl, no CDs, no computers, no mobiles, no duvets, no Pill, no trainers,...
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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 […]