A Tad Stalinist – John McDonnell Insists Ex-Lehman Staff Can’t Have An Anniversary Party

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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...

Turkey’s Proof That Speculation Is A Zero Sum Game

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A useful little proof from the current Turkish shenannigans that speculation, as speculation itself, is a zero sum game. Whatever is made by one...

An Interesting Thought – Has Elon Musk Breached Securities Laws By Making Tesla Announcements...

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There's at least an arguable case that Elon Musk has breached securities laws by announcing various Tesla plans and ideas upon Twitter. One final note...

Euribor Is Not The European Union’s Equivalent Of Anything

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Two blokes who tried to fiddle Euribor have been sentenced to substantial jail terms. Good. The more impersonal markets are - and there's little quite as...

At Least Erdogan’s Son In Law – Turkey’s New Finance Minister – Has Run...

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It's possible to view Turkey as retreating - advancing if you prefer - to something like the power and economic status it had as...

Valbury Capital Really Should Go Bust Here – Allowing a £3.8 Billion Futures Position?

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This is a fun little story. Bloke decides he's going to trade futures as an individual investor - a dumb decision to start with....

THE METROPOLITANS — Episode Thirteen

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A saga of everyday life in the Big L and a wry look at contemporary culture By Tony Carden   Episode Thirteen   Dancy moved across the conference room...

THE METROPOLITANS — Episode 9

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A saga of everyday life in the Big L and a wry look at contemporary culture By Tony Carden Episode Nine   ‘Well, frankly, it could’ve been better.’ ‘Now,...

There’s An Obvious Answer To Fractional Reserve Banking – It’s A Useful Fraud

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It's entirely true that fractional reserve banking is a fraud, a Ponzi, it's simply outrageous how credit, or wide money, is created. Murray Rothbard...

That’ll Kill The Next Financial Crisis – City To Spend No More Than £50...

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It is indeed true that we can make a case for prudential regulation of the financial markets. In theory we can at least. The...