Not Our Job to Prevent Recession (1): Bank of England
The Bank of England’s inflation mandate virtually guarantees recessions as higher interest rates repeatedly puncture house-price booms. What are higher
Continue readingCategory: Credit crisis
We Need Rules, not Rulers: Culture, Bankers and the Mervyn King Question
The aim of any self-respecting blogger is to make original points. I’m no exception, so it is time to start
Continue readingBattling for Mount LIBOR, the Moral High Ground
If you’re going to watch one film about the Vietnam War then I recommend Hamburger Hill. The point of the
Continue readingBashing Barclays Badly
I noted yesterday that I’d set the recorder to catch Jerry del Messier’s appearance before the Treasury Select Committee. Sadly,
Continue readingSaint Mervyn: King by Name, King by Nature
I’ve been following the Libor scandal with considerable interest. The former Chief Operating Officer of Barclays Jerry del Messier should
Continue readingGrexit? Spout? No, better half-in, half-out!
I’m not a huge admirer of Margaret Thatcher, and still less of her Chancellor, Nigel Lawson. But, back in the
Continue readingGifts to Greece
My first thought this morning was to write about the so-called UK drought again. Maybe I’ll post something on that
Continue readingDon’t Backslide on Greece!
You know there’s serious trouble when the Economist runs a two-page editorial, in this case proposing “how to save the
Continue readingDissecting a Wolf, a Bean and a Vulcan
I see John Redwood was up bright and early this morning, blogging away. At 6:34am he posted that: “…the [cuts]
Continue readingOn Climate, and Causes in Complex Systems
Why do so many travellers, such as those marooned by the Eyjafjallalokull ash cloud, invoke a panic response on finding
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