Must-read
“Working at my desk today was somewhat surreal. Global risk markets were closing out a dreadful week. Newswires were full of disconcerting articles – J.P. Morgan, Greece, Spain, Italy, China, etc. Meanwhile, CNBC was in the midst of blanket coverage...
Dimon geezers
“JP Morgan Chase last night announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on “errors, sloppiness and bad judgment”, warning it “could get worse”. - From The Financial Times, Friday 11th...
Hand to hand combat with Martin Wolf
“James and I both have Range Rovers for running around, but he’s also got a black Lamborghini and a black Rolls-Royce, and I’ve a white Ferrari and a white Rolls-Royce.. I’m bored with designers like Dolce & Gabanna. I hate...
The politics of fear
“I’m getting increasingly worried about the free movement of people across Europe. It’s a very competitive world out there and my constituents resent that.” - Huddersfield Labour MP Barry Sheerman, defending comments he made on Twitter about Eastern European workers....
The politics of fear
“I’m getting increasingly worried about the free movement of people across Europe. It’s a very competitive world out there and my constituents resent that.” - Huddersfield Labour MP Barry Sheerman, defending comments he made on Twitter about Eastern European workers....
Party on ! (Or not.)
“The sea’s freezing. A man won’t last long in that. We’ve drawn a bad hand this time.” “I’ve never been a good loser. I intend to get into a boat.” - Conversation between two card-players on The Titanic, from Eric...
What are economists for ?
“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July 2001 to Joseph Stiglitz, Kenneth Rogoff identified this problem. “One of my favourite stories from that...
Problem-solving
“FTSE 100 could hit 7,000 if the Bank of England prints more money” - Telegraph headline implicating Legal & General’s Ben Gill as the inflationist paper-bug. Any Martian watching events down here would be scratching its head more than usual....
Telling tales about money
“With the US economy showing signs of recovery and fears about the eurozone sovereign debt crisis easing, investors are putting their money into equities and other assets geared towards economic growth rather than havens such as gold.” - Jack Farchy,...
Muppets 1 Gollums 0
“It was just past 7:00 a.m. on the morning of Saturday, September 13, 2008. Jamie Dimon, CEO of JP Morgan, went into his home library and dialled into a conference call with two dozen members of his management team. “You...
Garbage in..
“We have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not understand.” - John Maynard Keynes. An engineer, a biologist and an economist are washed ashore on...
