Archive for 'Economy'

Britain, France , US: ‘And the winner is …’

Britain, France , US: ‘And the winner is …’

In the lifestyle sweepstakes, the answer is “none of the above”. The economic and social experiments in the past three decades by British governments from left to right have left the plucky Brits reeling, as this [...]

The Bull Bear ride in Gold

The Bull Bear ride in Gold

There is a massive battle going on between Gold bulls (those expecting the market to rise) and bears (those expecting the market to decline). This is being fought over “fundamental analysis” with key issues: the decline [...]

A critique of interest: Debunking Time Value of Money and other arguments

A critique of interest: Debunking Time Value of Money and other arguments

The credit crisis of 2008 and its aftermath, including the current sovereign debt crisis, has made many people realize that the capitalist economic system is not perfect. That it contains faults which in a “perfect storm” [...]

Another Rogue Trader and the Question of Risk

Another Rogue Trader and the Question of Risk

Three years to the day that Lehman Brothers collapsed another rogue trader scandal has hit. Thirty one year old Union Bank of Switzerland (UBS) trader Kweku Adoboli is accused of losing £1.3 billion. Following on from [...]

The Tax We Love to Pay

The Tax We Love to Pay

The month of Ramadan ended this past week, literally hundreds of millions of Muslims fast and spend much time in contemplation and prayer in Mosques globally. Ramadan is the month of revelation (the Quran was first [...]

White Collar Riots?

White Collar Riots?

A new sentence has been added to the usual greetings when speaking to friends or family in the UK: “Has there been rioting in your neighbourhood yet?”. Appallingly the riots spanned several days and spread beyond [...]