Message to the Pensions Minister: You cannot improve things by distorting free markets
The Daily Telegraph reports today that: About 60% of private sector pension schemes “have clear rules” entitling retirees to annual increases in their pensions…
Having to repay a debt from one’s assets is now “unfair”
One interesting consequence of the UK’s submission to EU laws sprang to mind when reading a free copy of the Nov 28th Mail on…
Regulating while Europe burns
Britain and the Eurozone hover on the Brink of Banking and Monetary Collapse. Our response? More Regulation. The European Central Bank’s head, Jean Claude…
Innovation is the secret of economic success
Innovation is the secret of economic success – The Telegraph – George Osborne and Eric Schmidt The assertion that dynamism and innovation are crucial…
Proof That the Banking System in its Present Format Cannot be Regulated
Consider two points: Last Week Mervyn King said in a now famous speech in Manhattan that of all the banking systems it is possible…
Standard Chartered £3.3bn rights issue
Interesting news on the wire: 13 October 2010 Standard Chartered PLC RIGHTS ISSUE TO RAISE GBP3.3 BILLION Standard Chartered PLC (“Standard Chartered” or the…
Why Vince Cable should be both praised and ridiculed for forcing banks to lend
A lifelong friend in a senior position at a major UK bank confirmed to me privately that last week’s news that banks were approving…
Our forbears can thank their lucky stars that King Canute did not understand QE – Part 1
Market Manipulation – ECB Market Operations are simply a Devastating Waste of Taxpayers’ Cash. The ECB’s May 10th “shock and awe” assault on the…
Iceland and the Western Banking System
Gordon Kerr’s second address this year at the European Parliament was at a meeting of the European Enterprise Institute. The meeting was chaired by…
More evidence of the incompetence of state accountants re derivatives
Via The Telegraph: Meanwhile Angela Merkel, the German Chancellor, criticised investment banks for the role they may have played in helping Greece to mask…