We’re doomed laddie, doomed I tell ye

The former Bank of England boss has warned in a new book that another financial crisis is “certain”, and may come “sooner rather than later”. Mervyn King, who stood down in 2013, says reform of monetary and banking systems may help prevent the crisis. But he says that failure “to tackle the disequilibrium in the […]

Something bigger going on

The now famous dispute over the iPhone and Apple’s refusal to provide a backdoor to the data on it is interesting not for wht is said, but for what is not said. The FBI went to a tame Judge to ask for a Court Order. Obviously, no Judge will go against the FBI’s wishes – […]

Spot the odd statistic

  Can you spot the odd statistic? 2600+ more men than women. Able bodied,  able to repel the invaders in their countries – Cowards, leaving the women behind to fight. (Syrian male 320,946/female 387,931) (2014 est.) In Europe, over 800,000 migrants have traveled to Europe by sea in 2015, according to the United Nations refugee agency, and […]

‘Dogs allowed, Bankers forbidden!’

A young French restaurateur has banned bankers from eating in his establishment as his way of getting back at the industry which treated him “like a dog” by repeatedly denying a loan for expansion despite strong economic performance of his venue. “Dogs allowed, Bankers forbidden!” reads the billboard at the entrance of Richelieu’s Stables in […]

This is starting to become very concerning.

The momentum to “ban cash”, and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam. On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note. Yesterday, former US Treasury Secretary Larry Summers published an op-ed in the […]