Economics
We Are Presented With A Unique Opportunity
There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a [more…]
Debt
America
Surpluses & Deficits are Hotly Debated
Much has been made of Britain’s trade deficit, which is the amount by which our imports of goods and services exceed our exports. The same phenomenon is evident in many other strong economies, including the [more…]
20th Century
DEBT – 1945 to 2018, A Road to Serfdom
The addiction of our Government to debt is understandable. It helps to win votes and court popularity for political parties to make promises underpinned by implied expenditure, and that is the history of the two [more…]
Arts
Economics – Bloomin’ Godfrey Going Postal with Emile Woolf!
Economics is a topic about which I know a little. But a little knowledge is a dangerous thing… I guess I know enough to run a small business, feed the kids, annoy my family with [more…]
Arts
This Time it will be Different
The Systems demise could be sooner than you think. The monetary conjuring trick employed after the last crisis, described in Part 1, required central banks to purchase government bonds from pension funds and insurance companies, [more…]
Arts
This Time it will be Different
The last crash 2007/2008 Before the last financial crisis in 2007/2008 sub-prime mortgages were all the rage. The idea was that if mortgage lenders put a pot-pourri of mortgages in a parcel, the risks attaching [more…]
Arts
My word is my bond
Much has been made in recent days on “bond rolls” and “gilts”. As a technologist working in the financial sector I get to look at these things in excruciating detail and have to deal with [more…]
Arts
The Fiscal Gap, by Godfrey Bloom
I wonder what would happen if our bank manager called us in because he was worried about our spending. The Chancellor of the Exchequer of course has no bank manager in the way we do. [more…]