You are currently browsing the The Website Tomsblog weblog archives for October, 2008.
- Uncategorised (135)
- 01/10/2009: Indian Summer or St.Martin's Summer?
- 19/09/2009: Autumn Leaves
- 05/09/2009: Back to "Normal"
- 20/08/2009: Waiting...
- 16/08/2009: It's Not 70 years Ago Is It?
- 17/07/2009: Summer Recess
- 12/07/2009: Summer Parties
- 03/07/2009: It's the Heat!
- 25/06/2009: Families and Surnames
- 23/06/2009: The Fountain
Archive for October 2008
Who’s To Blame?
25/10/2008 by admin.
Economists and bankers continue to argue who is to blame for the financial crisis and RECESSION. Of course on the whole bankers think it’s economists and vice versa. Gordon Brown who is an historian ? Alaastair Darling who is a barrister? A plague on all your houses for the only politician to speak out loudly and clearly, and for about two years before it got bad, was Vince Cable who is an economist. He is still condemning the dithering about reducing interest rates still further but Brown is probably inhibited and waiting for a ‘global’ argreement so as not to cause a futher run on sterling. Wish I had kept all those euros and dollars! Ah well.
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The Death of Capitalism?
11/10/2008 by admin.
Americans nationalising banks and insurance companies, countries on the verge of bankruptcy , talk of Armageddon. And yet the only thing that can save capitalism is more capitalism but it must be a new kind of capitalism which, as Mr Brown says, in his Presbyterian way, will reward effort and penalise failure. Maybe a kind of ‘maximum bet’ system will also have to be part of the re-writing of the rule book. Capitalism can never be the same again.
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Dark Days
01/10/2008 by admin.
Very difficult to get access to any of the financial websites in the last few days - the result of myriads of customers, all over the developed world I assume, shifting money from here to there and anxiously observing the ups and downs of share prices. Yesterday looked quite promising but several slip backs today and so we shall ride this roller coaster for for several more days until the US Congress votes in this unknowable package of unpredictable consequences.
Dark times but not for all, An acquaintance in the City has apparently done quite well out of the misfortunes of others in the last few daya and perhaps it’s only the lack of available liquidity which is preventing us from doing the same. What happened to ethical investment?
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