November 28th, 2011 By Paul Amery Image © Vladimir Vereschagin Book Review: Extreme Money: The Masters of the Universe and the Cult of Risk by Satyajit Das, published by Financial Times / Prentice Hall in August 2011 In 1494 the German author, Sebastian Brant, wrote of a ship of 110 fools who set sail in a search for [...]
September 29th, 2011 It’s incredible how some journalists got it so wrong about the City of London just prior to the crash of 2007-09. In January 2007 Time Magazine’s Adam Smith wrote an unctuous feature about the Square Mile which lavished praise on Gordon Brown’s “light touch” approach to financial regulation. In his second paragraph, [...]
February 14th, 2011 In episode 120 of the Keiser Report, hosts Max Keiser and Stacy Herbert expose the myopia of mainstream media and mainstream investors. Here they explore the likely impact of anthropomorphic global warming and quantitative easing on the global economy. Fed chairman Ben Bernanke is, once again, lambasted as the world’s financial terrorist-in-chief.
November 30th, 2010 Taiwanese-based Next Media Animation has produced its take on 300 years of Irish history. Okay it does simplify things a bit but it is funny. Or as @thestalwart says on Business Insider, “Not necessarily hilarious, but actually this is one of the most succinct explanations of the whole crisis we’ve seen yet.” [...]
November 27th, 2010 You know that things must be getting desperate in Ireland when significant numbers of the country’s population want to draft in Michael O’Leary, the controversial and famously outspoken Ryanair chief executive, to help run the country. According to a Reuters report the no-nonsense Cork-born airline chief, whose opinion of the country’s politicians [...]
November 2nd, 2010 I couldn’t believe it when I heard Lord Turnbull speak about the extent of former prime minister Gordon Brown’s self-delusion to the Treasury select committee (via Radio 4′s Today in Parliament). Basically, Turnbull claimed that the groupthink in Westminster and Whitehall had become so pronounced by the mid-Noughties that everyone at 1 Horse Guards [...]
By Ian Fraser Published: Financial Times (FTfm) Date: November 27th, 2006 The manager of Personal Assets Trust tells Ian Fraser soaring debt could leave investors blessing his ultra-defensive strategy Ian Rushbrook has been so bearish on global equity markets for so long he has earned himself the nickname “perma-bear”. Despite the market recovery since mid-June, [...]
By Ian Fraser Sunday Herald February 6th, 2005 ALAN Greenspan, chairman of the Federal Reserve, (pictured above) is a “bigger threat to the US economy than Osama bin Laden”, according to a leading Scottish investor. The claim comes from Robin Angus, director of the £150 million Personal Assets Trust and adviser to Edinburgh University’s Centre [...]