The thin edge of the wedge…
This past week has seen Barack Obama fire the first meaningful salvo across the banking bows in the world of financial re-regulation. In short summary, his new proposals would ban banks with government insured deposits from taking punts with their own trading funds, and furthermore would prevent banks from owning, investing or sponsoring hedge funds and private equity funds. Obama has also called for new caps on the size of banks, to limit the damage that a failure could inflict and to promote healthy competition.
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The Old Favourite
This week my blog output econometric model (TM) has informed me that having not insulted Goldman Sachs for at least a couple of months that I am now due a bit of a tirade. Luckily I'm fully armed and ready to go
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When the wheels come off…
As we’ve rolled into 2010, the annual plethora of analyst predictions for the year ahead have been furnishing the financial pages and beyond.
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Murphy's Law and Climate Change…
After last week's foray into the potentially dubious economics of carbon trading I received a good number of responses - thanks for those - all of which failed to mention the words "stone him" or "blasphemer". Again - thank you.
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