The Finnish Experience – Happiness Is Financial Illiteracy

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We're told that Finland is financially illiterate, so much so that the central bank is desperately trying to teach people how to count their...

Beware Of Business Fashions

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Goldman Sachs And Boards Of Old, White, Straight, Men Women belong in the boardroom - maybe Goldman Sachs has announced that is the board of directors...

Beware Open Ended Funds With An Illiquid Underlying

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A classic liquidity mismatch We should all know that there's an inherent problem with fractional reserve banking, after all, it was explained back in It's...

De La Rue – A Fine Example Of Kitchen Sinking

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A kitchen sink is, well, it's that sink in the kitchen we use to clean up the plates and cutlery in. It's also where...

Revenue Recognition Is Always A Difficult Thing – Tesco, Eddie Stobart and WeWork

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Just when is revenue actually revenue? A supermarket chain, a trucking and logistics company, Turkish fruit packaging, the most overhyped VC investment of all time,...

It’s Dangerous To Try Catching A Falling Knife

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Don't forget, the end price of every corporate stock is $0. Some Boeing 737 Max planes decided to meet the ground too early Back a couple...

The Concept Of Kitchen Sinking

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Boeing's results are just coming up and the question is, well, how much is the new CEO going to insist upon as provisions against...

People Are Worrying Far Too Much About Corporation Tax

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This idea of a digital tax to replace corporation tax is a bad one. Simply because corporation tax itself is a bad tax. The...

Sorry MMTers – Banks Do Not Create Money

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There's a much easier manner of explaining why banks don't just create money. Which is to note that there are different types of money....

The Problem With Peer To Peer Lending

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There's only the one major problem with peer to peer lending. It doesn't work. The peer-to-peer industry has been dealt another blow after lending firm...