Bankers and Glass Houses

“People in glass houses shouldn’t throw stones”, they say, and that idiom has stayed with me as I have listened to the strident criticism of bankers in general and Bob Diamond in particular over the Libor misuse revelations.

Read more

Being dependent on banks: the example of RBS

It is no coincidence that the head of MI5, Jonathan Evans, has given a speech on cyber-terrorism just as RBS and connected banks struggle to recover from computer problems which have affected the lives of millions of people.

Read more

Angela Merkel under Assault

Angela Merkel’s resilience to the universal assault on her position over the Euro and the future of Europe more generally is remarkable: her refusal to compromise on her beliefs nor to dilute her ethos to please others is praiseworthy, however “right or wrong” they may be.

Read more

Finding Safe Havens for Money

The new phenomenon of rich people paying interest to secure their monies in apparently safe havens such as in Germany, the US or the UK is a sign of the fragility of the global status quo.

Read more

Self-Fulfilling Prophecies

The prophets of doom are openly vocal now as leading bureaucrats and politicians warn of disaster if Greece leaves the Euro: by sowing such seeds of negative energy they may bring to fruition exactly what they fear.

Read more

Sir Fred Goodwin: What’s in a name?

The stripping yesterday of Sir Fred Goodwin of his knighthood was more than another aspect of political correctness and public appeasement, it was, at a deeper level, about labels and identity.

Read more