When we try to understand the actions of Germany, with respect to the Eurozone, we have to look first at the Zollvererin league. The Zollvererin was a stepping stone to a united Germany, and it is supposed that the Euro will be the bridge that leads to a united Europe...
Chatting with the #occupiers of Dame Street has been interesting, if not very revealing. What seems to be happening is that they: know that something is wrong and, know that they are not happy. What then seems to happen is that the #occupiers then interpolate these two facts and...
“Prediction is difficult, particularly about the future” :- Neils Bohr The markets are not predictable, they never have been, and they probably never will be. The most accurate predictor of today’s prices are yesterday’s prices, a concept know as “the random walk”. Prices today are approximately the same prices as...
Our problems are great; we have a banking crisis where a housing boom has blown a hole though our banking system, and the economy itself. There is a deficit crisis, which has arisen out of taxation system, which taxed, certain, narrow parts of the economy too heavily while expanding the...
We’re in the midst of three crises 1) a deficit crisis – caused by fifteen years of marketing oriented politics. 2) a banking crisis caused by us electing bullshit artists, and, 3) a Euro crisis, which has much more to do with Germany than it has to do with Ireland. We’re...