Another raid on bank deposits is under way
Category: Business
The Cypriot Government Raids Savings Accounts In Banks. The Russians Are Not Amused
Cypriot government resorts to mafia methods of solving its debt problems. Might backfire on it in a big way.
British Banks Ain’t Lending. Period
British banks cut lending. Time for them to pay the price for that.
Look Out! The Chinese Are Coming To The City Of London
China is bursting at the seams with money. More and more of it will come to London
More Bad News For The Eurozone Economy: It’s Going Down This Year. Just Like Last Year
The Eurozone economy is going down. Not that it’s a surprise to anyone.
Guess What Happened: Sir Merv Couldn’t Give More Money To The Banks
The Bank of England refused to give more money to the banks. Even though Sir Mervyn thought it was a good idea.
With The Economy Sinking Could It Be That George Osborne Is Missing Something?
Asking: what is it that George Osborne is missing in handling the economy?
Chaos In A Capitalist Economy Is Not All That Bad. But Only When It Is Allowed To Sort Itself Out
Chaos theory says that governments should not meddle with the free economy in times of crises and let things sort themselves out.
Germany Is Outmanoeuvred On An EU Banking Union And Will Have To Fund It
The new banking union will save bad banks. The wrong policy.
The German Economy Is Grinding To A Halt. To The Delight Of The Eurocrats Who Hope They Can Now Dictate Policy
The German economy is slowing and this is bad news for everyone. More rules from Brussels and Frankfurt will be imposed.
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