Hold onto your hat, we’re in for a wild ride
byJames Turk interviews Doug Casey, the American-born economist, professional investor, author and advocate of the free market, in an illuminating, entertaining and yet ultimately…
Central Banking
Does JP Morgan’s massive loss favour the argument for more controls?
byOn Friday May 1 2012, JP Morgan Chase & Co said it suffered a $2 billion trading loss. Some commentators have suggested that the…
Dimon geezers
by“JP Morgan Chase last night announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on “errors,…
Our central bankers are intellectually bankrupt
byThe best article we’ve seen in the FT for a long time, courtesy of Ron Paul … The financial crisis has fully exposed the…
15 years of the MPC
byA brilliant video from our friends at SaveOurSavers, celebrating 15 years of the Monetary Policy Committee:
The economic consequences of central bankers
byMore unemployment. More recession. More massive public debt. More print-more-money-and-pray quantitative easing. More Mervyn King bleating on about the stalled economy – but failing to…
Speech on the Financial Services Bill
byUnder the heading, Osborne looks to limit damage of ‘credit busts’, the FT gives a neat summary of the Chancellor’s plans. In particular: He…
If this is capitalism, I am not a capitalist
byThis post originally appeared on www.stevebaker.info. I spoke last night in the general debate on the economy, saying*: As I rise to speak I…
Why do bankers earn so much money?
byI was asked recently why it is that market forces do not push down the wages of the top earners in financial services. The…
A Band-Aid for a cancer patient
byThis was another hectic week for financial markets, and nerves were calmed somewhat over the past 24 hours with another liquidity injection from the…