The Guardian, Wrong Again. You Know, That Always, About Everything Thing?
The Guardian tells us that oil traders are hiring supertankers to store oil in. This is true. The price today is low so why...
A Particularly Stupid Analysis Of UK Government Borrowing Costs From Richard Murphy
If only any one of the Tre Professori knew what they were talking about. For Richard Murphy, who does indeed hold three professorial positions...
The Failure Of Peer To Peer Lending
Some background
I muttered of my distrust in peer to peer lending here back in 2015. Seven years ago at Forbes and elsewhere more recently....
Sorry MMTers – Banks Do Not Create Money
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....
Unicorns and Nightmares
Let it not be said we’re asleep on the job here in our dismal pit. No wide awake are we. Hence, immediately a quill...
The Banks’ Gross Profits On Mortgage Holidays
It does need to be pondered over, just where does The Times get these stories from? For here they're claiming that mortgage holidays are...
The Value Of Short Selling – NMC Health
There's a view that short selling of shares should not be allowed. It's merely speculation you know, does nothing productive to boost the economy....
A Particularly Idiot Claim About Scottish Independence
There are any number of idiot claims about Scottish Independence of course. They wish to go therefore we should prevent them from doing so...
A Tad Stalinist – John McDonnell Insists Ex-Lehman Staff Can’t Have An Anniversary Party
We've always known that John McDonnell has more than a touch of the authoritarian about him. But this is merging into a full blown...
At Least Erdogan’s Son In Law – Turkey’s New Finance Minister – Has Run...
It's possible to view Turkey as retreating - advancing if you prefer - to something like the power and economic status it had as...