Category Archives: Uncategorized

Last week, I let off a bit of steam about an article in the Times which reported that the public was blaming the banks for the state of the global financial system. Today it was the turn of Ambrose Evans-Prichard, … Continue reading →

It feels like the summer of 1931. The world’s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems … Continue reading →

According to an article in Sonntags Zeitung, the banks are only a quarter of their way through announcing their losses. The story was based on a report apparently leaked from Bridgewater Associates, who call themselves an “investment company that manages … Continue reading →