- The Two Handed Economist: The economist famous for predicting the credit crunch has offered his view on prospects for economic recovery. He has quite unequivocally stated that, on the one hand there could be a U shaped recovery, but on the other hand there could be a 'double dip' (sometimes referred to as a 'W'). When asked whether this was really a prediction, he replied: "Yes indeed, it is a prediction... a prediction of all possible scenarios." Would a U-shaped recovery be a thin-U, he was then asked... Or fat-U? The angry economist replied: "Fat-U too."
- An equality watchdog has suggested that women have much smaller boners than men. A survey commissioned by the equalities and human rights commission has shown that women in the Square Mile are not getting it on as much as men, leading some to suggest that 'Sex and the City' is a myth.
- The European Network and Information Agency has warned of an alarming increase in bank account 'skimming' across Europe. Despite a high profile campaign over the past few years, banks are still whacking customers with exorbitant charges for minor overdraft transgressions. In addition, despite interest rates being at an all time low, banks are still squeezing customers with high levels of interest on mortgages, loans and credit card debt.
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Yeah, all very funny. Discrimination in women's pay not so funny
ReplyDeleteThat Horlicks woman gets paid a ridiculously high salary and yet she lost a fair chunk pf her clients funds on the Madoff fraud...
ReplyDeleteThe banks are the biggest skimmers of all. Despite everything that happened in 2008 they're still up to their old tricks
ReplyDeleteMichael Moore is bringing out a new film about the dodgier practices of the banks. Apparently it went down a storm at the Venice Film Festival
ReplyDeleteMaybe he will rid the world of bankers like he rid the world of George Bush and private health care
ReplyDeleteCan I juss sigh zat any rumours zat i vass friends viss Bernard Madavv or zat on ees bard av directors is total nansense... as ees any rumour zat I aided und abetted zee treecky President Nixon.
ReplyDeleteYeah, what happened to all those people who sat on Madoff's board and presumably 'saw no evil'???
ReplyDeleteWasn't Kissinger on Conrad Black's board..? Still the same question applies... that board also 'saw no evil'.
ReplyDeleteFor the record, Kissinger was on the board of Hollinger (Conrad Black) but not Madoff, as far as one can tell...
ReplyDeleteThere was no realpolitik on Madoff's board. Oh no.
ReplyDeleteYah, ok, zoh I stund carrected. I am very sarry.
ReplyDeleteThe economists are back at it as well. Its great, in the Roubini article he says exactly that: recovery could go either way. As if we all didn't know that.
ReplyDeleteAll economists do is change their predictions every time their previous prediction has been proven wrong.
Look at the crystal ball of Anatole Kaletsky during 2008... it gives you insight into how economists are in the dark