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THE FINTAG NEWSLETTER @ 04 September 2009

Shack

FINTAG COMMENT


Where next?

Moneyweek magazine has a profile on the top 3 tax havens for retirement. Following the news Cayman has run out of money and is seeking a bail out from the UK government, it didn't feature. And nor did Iceland or Latvia. Or Delaware.

THE FINTAG NEWSLETTER @ 03 September 2009

FINTAG COMMENT


Oil.

Yesterday I tipped BP as a long term buy. I can assure you that I had no idea they were just about to announce a huge 3bn barrel oil find near Houston. Sometimes I guess lucky so please don't shop me for inside information because...

THE FINTAG NEWSLETTER @ 02 September 2009

FINTAG COMMENT


Wobbles.

The VIX is my guide to the future and rough seas are ahead. Which is good as being pushed along by a strong wind on calm seas is a tad boring. It is obvious this bull market, driven by government subsidies has gone a bit...

THE FINTAG NEWSLETTER @ 01 September 2009

 &sid

FINTAG COMMENT


Don Draper.

Today we encounter a trip down history lane. Names of old pop up and good old bearish tones are the order of the day. My concern at the moment is establishing what wrist watch Don Draper was wearing in season 1 of Mad Men?...

THE FINTAG NEWSLETTER @ 28 August 2009

FINTAG COMMENT


Conferences.

This time 2 years ago, the conference sector was booming. The likes of Marcus Evans and Terrapin enjoyed the fruits of over charging the "people who like people" to visit out of town hotels with stained carpets and vile tasting mints listening to supposed experts talking...

THE FINTAG NEWSLETTER @ 27 August 2009

FINTAG COMMENT


Socially useless.

We like our regulators to be benign. We like them to interpret the laws of the land and help us run businesses according to best practice. What we don't want them to do is call us socially useless and bad for the environment.

THE FINTAG NEWSLETTER @ 26 August 2009

FINTAG COMMENT


On the road to nowhere.

US Confidence is up, house prices on the rise, Obama smiles as Bernanke is given a second chance, the Vineyard souvenir shops are booming, equities are up, oil is down and life feels really good. So what about the 10% unemployment,...

THE FINTAG NEWSLETTER @ 25 August 2009

Finbar Faulks

FINTAG COMMENT


Plastic Ono Bank.

Bank of America is having trouble packaging up its credit card receivables and flogging them on. You see, to get a decent FICO score you need debts that are likely to be paid back but BoA seems unable to throw any into...

THE FINTAG NEWSLETTER @ 24 August 2009

FINTAG COMMENT


Peace and Love.

Following the UK's rather strange behavior in releasing a Libyan terrorist from prison, the US is threatening a full trade war. Of course this spat relates to the millions owed to Boris Johnson by the US embassy in unpaid congestion charge fines but...

THE FINTAG NEWSLETTER @ 21 August 2009

FINTAG COMMENT


Raking up the past.

Today we look at old events. The BBC is producing a made for TV movie about Lehman where the main character thinks he is Don Draper but is infact Dick the Reaper. We also find hacks reanalysing Bear Stearns and screaming out...

THE FINTAG NEWSLETTER @ 20 August 2009

FINTAG COMMENT


Patriot Act.

I need to learn to keep my mouth shut. Yesterday I spent a few hours with some large people in uniform from Queens. Alas it wasn't in a nightclub for gentleman, but with cardboard cut out gum chewing NYPD officers who were giving me the once over for...

THE FINTAG NEWSLETTER @ 19 August 2009

44

FINTAG COMMENT


44.

The number 4, 44 or any combination of 4 is unlucky in parts of Asia. The number 8 is seemed to be lucky and banks like Nomura like to have 888 in their telephone numbers which rarely have a 4 in. Such superstition may seem antiquated...