What if the UK misses its deficit reduction target
Dr Gloom (Tullett Prebon’s Tim Morgan) has just published the second part of his UK Reform trilogy.With Coalition government’s deficit reduction plan doomed to failure,...
Ka-Pow! Deutsche hit by the VAT man
As with UBS, there’s more than meets the eye to this Tuesday trading update from Deutsche Bank.And we’re not talking about the missed €10bn pre-tax profit target...
[Something for the weekend] Neil Collins
Just what Dr Vickers orderedSir John Vickers is laughing all the way to the bank(ing commission). As a movie plot, the publication of his report, immediately followed by a spectacular...
Avoiding the monetary road to serfdom
Sometimes it’s the simplest observations that stand out.For example, when it comes to the question of money, perhaps popular singing sensation ABBA said it best:I work all night,...
The Grantham manifesto
Albert Edwards has a soul mate — GMO’s Jeremy Grantham.Like the SocGen strategist, he too is worried about the massive transfer of income to the very rich that has...
A glance at UK GDP – across the North Sea
Things that impacted the UK’s second-quarter GDP, as announced by the ONS on Tuesday:The additional bank holiday for the royal weddingThe royal wedding itself The after-effects...
A taxing debt issue
Flying beneath our radar last week was a hearing on the tax treatment of debt for both households and business, held by the Congressional Joint Committee On Taxation (tip of the...
Greek black hole financial comet spotted on Twitter
Seller beware and all that, but there’s (totally-unconfirmed) talk of a €3.5bn black hole in Greece’s austerity plan.Now, were are not taking it too seriously....
Greek black hole [updated]
Seller beware and all that, but there’s (totally-unconfirmed) talk of a €3.5bn black hole in Greece’s austerity plan.Now, were are not taking it too seriously....
Doubling a losing bet, Greek tax edition
There are reports at pixel time that Greece has agreed to around €6.4bn in fresh austerity measures in 2011, notably including tax hikes.Quick question.Here’s a chart...
Going Dutch, with NYSE and D Börse
BUT WILL NYSE COME FIRST IN THE NAME?Ahem, sadly for Chuck Schumer, we don’t know yet. NYSE Euronext and Deutsche Börse just unveiled their vision for a Premier Global...
