Banking: from Goldman Sachs to David Fishwick?
byTwo days ago, Greg Smith, a Goldman Sachs executive director, resigned in sensational fashion, writing a column in the New York Times. In the…
Economics
Henry Hazlitt: Economics in One Lesson
byIn the classic novel King Solomon’s Mines, the witch Gagool leads a group of Englishmen, including the legendary Allan Quatermain, into an ancient treasure…
Book Review: James Rickards’ “Currency Wars”
byIn virtually every airport bookstore in America right now you will find a little sleeper of a book in the business section which is…
A three-way split
byWhatever residual worries there were going into the deadline for the Greek deal, they did not seem to have impacted sentiment elsewhere, as it…
Fixed
by“Don’t fight the Fed – bet on it.” – Lee Quaintance and Paul Brodsky of QB Asset Management. In December last year, the poet…
The Fed gets creative
byAccording to a story in Wednesday’s Wall Street Journal, the US Federal Reserve is considering buying long-term Treasury and mortgage bonds in return for…
The deflation delusion
byYears ago a friend of mine in New York told me about his massively overweight neighbour who took to wearing a black t-shirt with…
Bankers’ bonuses and unlimited liability
byOn the 29th of February, Conservative MP Steve Baker tabled a 10 minute rule bill on bankers’ bonuses. In it he proposes that directors…
Garbage in …
by“We have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not…
Thinking inside the box – Chatham House on gold
byLast week, Chatham House, formerly known as the Royal Institute of International Affairs and a non-profit, non-governmental institution in London whose “mission is to…