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
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The Brexit Logic Trap
“I think people will interpret membership of the single market as not respecting that referendum.” – John McDonnell You can’t
Continue readingWe 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 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 readingThe Benefits of Being Ugly
I’ve just watched today’s Prime Minister’s Questions (PMQs) on iPlayer (warning: programme will probably not remain permanently available), because it’s
Continue readingHousing Horror
Over the last few decades, here in the UK, we’ve become very good at pointing to apparent failure. Often despite
Continue readingParking Paralysis (and Housing Horror)
As we head towards what promises to be a fascinating General Election, the absurd first past the post system has
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