Financial Education For The Masses, A Movie, Or Both?
Last night I was fortunate enough to put my waiting to an end and go to the movies to see the new Wall Street film - Money Never Sleeps.
Clearly, I am a financial buff, so loved the original and frankly, I enjoyed this follow up as well. It may not turn out to have quite [...]
When Will The Next UK Recession Arrive?
That is a leading question, I know. But with the announcement of a general election being called by Gordon Brown for 6th May, the prospect of real financial change is looming.
Both major parties seem to have been pre-campaigning on spending cuts, fiscal restraint and responsibility. But only one of the parties is in power [...]
The Tragedy Of Greek Government Borrowing
This is a pretty tricky time to work for a Central Bank, don’t you think? You spend years in the background, the national and international economy chugs along, and people forget you exist.
Perhaps once a month, when it is time to set interest rates, people remember faintly who you are and what you do. But [...]
Public Sector Employment: What Goes Up…
The UK, under the stewardship of New Labour has seen a massive increase in public sector employment. I can recall watching BBC documentaries in recent years where the scale of this expansion has been explained. It isn’t small.
It seems that the biggest beneficiary has been Scotland. I’m not going to go along with the conspiracy [...]
Lies, Damned Lies And Economic Statistics
This morning I spotted a story on the BBC website about jobless statistics in the United States. You might recall that unemployment in the US hit 10% a few months ago.
Well the story explains a little of the real numbers. As we must all have - at a minimum - suspected by now, governments have [...]
Obama Starts Budget Cuts With The Obvious
I have been writing about public sector debt recently in this blog and the opinions of those in the know about it’s likely impact.
The first major shot in what will probably become a global political war to reduce deficits has been fired. President Obama has announced a new budget which contains cuts to many areas. [...]
Thoughts ‘Borrowed’ From Davos
No, sorry. I didn’t make it to Davos 2010 - I wish. After Copenhagen, this would have been an event too far…
In a blog post from Davos, the Beeb’s Robert Peston discusses the thoughts of some of the world’s top bankers about the state of things now.
It seems that these guys agree with the opinions [...]
Public Sector Debt And The Everlasting Recession
Back at the end of July 2009, your author wrote a post titled: ” 2016: The End Of This Recession? “. At the time I felt a little bonkers, it was the out-loud musings of an amateur economist and nothing more. But the tide of economic thought seems to be moving in this direction…
In The [...]
No ‘Green Shoots’ Of Recovery In A Desert
It seems that the ‘Green shoots’ of a financial recovery that the world has been prepared for by multiple hundreds of desparate politicians and economists has been dealt a severe blow.
Why?
Dubai.
All this time, we have been witnessing the economic miracle that is / was Dubai in awe and respect. But hey, it seems that they [...]
The United Kingdom: A Land Of Confusion
Is it any surprise that the UK economy is lurching from problem to problem when there seems to be such little agreement from the controlling politicians and money managers as to what is actually happening?
The last few days have been a great example of just how mixed up things really are - and how little [...]