Broke bank mountain
“During the 17th century, Scottish investors had noticed with envy the gigantic profits being made in trade with Asia and Africa by the English…
Libor pains
“It was when Nick Clegg joined the campaign against Bob Diamond that I started to feel a sliver of sympathy for the now former-boss…
Your D.I.Y. eurozone bulletin
“Sir, A brief word of praise for the cool head of Mariano Rajoy. As the Spanish bank bailout reached its climax over the weekend,…
Must-read
“Working at my desk today was somewhat surreal. Global risk markets were closing out a dreadful week. Newswires were full of disconcerting articles –…
Dimon geezers
“JP Morgan Chase last night announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on “errors,…
The politics of fear
“I’m getting increasingly worried about the free movement of people across Europe. It’s a very competitive world out there and my constituents resent that.”…
Party on! (or not)
“The sea’s freezing. A man won’t last long in that. We’ve drawn a bad hand this time.” “I’ve never been a good loser. I…
What are economists for?
“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July…
Problem solving
“FTSE 100 could hit 7,000 if the Bank of England prints more money” – Telegraph headline implicating Legal & General’s Ben Gill as the…
Muppets 1 Gollums 0
It was just past 7:00 a.m. on the morning of Saturday, September 13, 2008. Jamie Dimon, CEO of JP Morgan, went into his home…