A Modest Proposal..
..For Preventing Bankers From Being A Burden To Their Country, And For Making Them Beneficial To The Public It is a melancholy object to those who walk through this great town or travel in the country, when they see the...
Clownish
“We’re trying to save life on this planet as we know it today.” - Nancy Pelosi, Minority Leader of the US House of Representatives. Adventures in Capital Markets Part 3,684. Depending on exactly what has transpired amongst the no talent...
Continental Drift
“I’m counterfeiting euros. If I’m caught I’ll plead insanity.” - Matt cartoon, The Sunday Telegraph. The latest Greek bail-out changes nothing, other than accelerating the pace at which euro zone tax payers have their funds flushed down the toilet, redirected...
Ask the ECB
“No credit event, no selective default, no default.” - Jean-Claude Trichet, president of the European Central Bank, 7 July 2011. “The European Central Bank will continue to accept Greek debt as collateral for loans unless all big three credit ratings...
The Greek Miss
“The real problem of humanity is the following: we have paleolithic emotions; medieval institutions; and god-like technology.” - Dr. E.O. Wilson, biologist, Harvard University. Greece has been an interesting diversion this past week, but the “successful” passage of austerity and...
May you live in uncomfortable times
“We have undoubtedly expanded the credit structure, spending today and postponing the accounting until tomorrow. We have been guilty of the sin of inflation. And there will be no condoning the sin nor reduction of the penalty because the inflation...
Your Kingdom to Dust
“Sir, “Can the Fed prevent Japanese-style deflation, a period of falling prices associated with economic stagnation, from taking hold ?” is a common refrain nowadays.. The US Federal Reserve’s obsession with Japan is pretty disastrous. First, Alan Greenspan opened the...
Chart attack
“In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper, deposits merely book entries. Coins do have some intrinsic value as metal, but generally far less than...
Fight the power
“Our constitutions purport to be established by ‘the people’ and, in theory, ‘all the people’ consent to such government as the constitutions authorize. But this consent of ‘the people’ exists only in theory. It has no existence in fact. Government...
Dotcon
“We’ve all heard that a million monkeys banging on a million typewriters will eventually produce the entire works of Shakespeare. Now, thanks to the Internet, we know this is not true.” - Robert Wilensky (attributed). It’s difficult to say precisely...
Unhinged
“New Starbucks Opens In Rest Room Of Existing Starbucks” - One of the finest ever headlines from ‘The Onion’. “Eventually, Starbucks rest rooms everywhere will sell coffee,” [Starbucks CEO Howard] Schultz said. “In the meantime, we plan to open an...
