Is The UK Economy Heading For Bankruptcy?
Asking whether bankruptcy is on the cards for a sovereign nation may seem a little extreme, but the economic portents are not good for the UK. Without getting too political, the British public has listened to Gordon Brown explain time and again how amazing he is with the economy. If you are from the UK, […]
Gordon Brown Visits The European Parliament
Ok, so the fact that virtually every blog in the UK is now posting the following videos does not make them any less important. Without trying to get overtly political, there are obvious connections between stock markets, national economies, currency valuations and the policies of the government of the day. For years, Gordon Brown has […]
Why Did Lloyds TSB Buy HBOS?
The rather unusual news from the UK is that the British government has grabbed control of Lloyds TSB PLC as a part of guaranteeing loans worth £260 billion. According to a statement from Lloyds TSB, “About 83% of the insured assets were acquired when the bank bought HBOS.” The details, as reported by Bloomberg, can […]
Enron, Gordon Brown And Borrowing
A recent reading of the December Esquire magazine grabbed my attention. The main investigative article – by Stephen Armstrong - in the edition looked at the role of the “NatWest 3” and Enron as it may – or may not – relate to the current market volatility. The article starts with the idea that the […]