Deutsche Bank, one of Europe’s behemoths, is in very deep trouble having lost 90% 0f its share price value since 2007, has been falling sharply all this last year (48% loss this year) and, with its $42 Trillion in Derivatives exposure was singled out by the IMF, as the bank which , “appears to be the most […]
Listening to Brexit
I have been listening to Brexit and it has been unedifying. My lasting impressions is that there was very little actual listening going on. It was largely just an eruption of bile and bigotry. The British body politic emptying itself from both ends at once. Everyone offended by the actions of the others, seemingly pleased with […]
Property bubbles and Banks – again.
Update: Aberdeen suspends trading on £580m UK Property fund and cuts price by 17% So begins an article in Investment Week. Aberdeen Asset Management has temporarily suspended trading in its £580m UK Property fund as well as reducing the price of the fund by 17%, joining a number of other groups in making property fund […]
Running for Leadership of the Green Party
I normally keep my political beliefs out of this blog. Trying instead to offer an analysis that might be useful no matter what political view you hold. However, I thought some of you might be interested to know that I am contesting the leadership of the UK Green Party. I doubt I will win. Caroline Lucas […]
Panama partners in crime
“We have broken no laws and cooperated with the government at all times.” Variations of that statement seem to be the default defence of everyone from bankers to politicians when their names come up in the Panama Papers. In the UK the latest to resort to some version of it, was first Downing Street on […]
Re-branding Dissent
I am one of those who thinks that democracy is being destroyed. I know its fashionable to play cynical one-upmanship and say – ‘we’ve never had democracy’, or, ‘it was destroyed long ago’, but that game aside, I think its worth actually thinking about how, many forms of democratic expression, effective dissent and peaceful self-determination are being buried. […]
Tick Tock
I am off filming for a few weeks now. Apologies for not writing. I have had my head down with work. Hope you’ll forgive me. Before I go a few scattered thoughts 8 years to fix the malfunctioning heart of the world’s financial and legal systems but nothing was actually done … and now […]
Greece, China, and Russia – a Plan B for Greece
If the Greeks were to vote ‘No’ what would happen next? Well no one can say. But here is a quick thought on what I hope the Greek government might have been exploring if they are excluded from the euro. It’s just food for thought nothing more. They have to be prepared to have a […]
Trapped in a Bubble
When in a hole, stop digging. But when in a bubble, keep blowing. – Not very ancient proverb. I think our ruling and wealthy elite are worried that they are stuck in their own ponzi scheme or bubble and are suffering from the general problem of all ponzis and bubbles – how to get out. You […]
A tiny detail from the UK election
I have largely kept my personal party politics out of this blog. But as many of you know I am running as the parliamentary candidate for the Green Party in Scarborough and Whitby. I hope you will forgive me this one post. If people think it out of place please just say so and I […]
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