From the BBC, news of the IMF/EU bailout package agreed today : Eurozone members and the IMF have agreed a 110bn-euro (£95bn; $146.2bn) three-year bail-out package to rescue Greece's embattled economy. In return for the loans, Greece will make major austerity cuts...
Bank of England’s latest bedside reading discovered.
An entertaining and tongue in cheek article at Zero Hedge on the global dash to currency debasement featuring, amongst others, one Bernie Madoff : "I would like to express my sincere gratitude to many of the participants in this forum. Without their undying support...
Think you are brave? Then why not try this?
Spotted at The Daily Capitalist, this rather amazing video demonstrating exactly what you can do with 15 tonnes of steel as long as you have a damned brave driver. The finale is one of those moments where you are either speechless or find yourself uttering 'fuck me...
M.I.A – Born Free
Spotted via a link over at underdogs bite upwards, M.I.A "Born Free" - a somewhat provocative music video pointing out how rediculous it is to be picked on just for having a particular trait. N.B. Not for the faint hearted!
UK thought police and the 2012 Paranoympics.
An article link I spotted at Dick Puddlecote's place from The Australian has a view of the modern UK as a 'soft totalitarian state'. For anyone outside our once great but now utterly raped country, reading the article will probably make them wonder what on earth the...
PIIGS vs IMF – we all lose.
Something to bear in mind whilst reading the next Euro area debt and bailout story is just how much money the PIIGS (Portugal, Ireland, Italy, Greece and Spain) need to meet their funding requirements for the next 4 years. Taking current debt rollovers and government...
Sovereigns to the Slaughter.
Via ZeroHedge, an excellent read in the form of Willem Buiter's Global Economic Review. Doomsday scenario would be one way to describe it but it is a truly comprehensive 'must read' document for anyone even remotely interested in global economics. Snippets from Zero...
Greece vs UK – compare and contrast.
Two lists of why the UK may or may not be likely to go the way of Greece. Firstly, FT Alphaville reporting on comments by RBS FX strategist Paul Robson on why the Pound should be gaining from Euro weakness and why the UK won't be going the way of Greece : 1.) – There...
Naughty Wasp!
Apparently The Waspsnest is rather naughty and may offend fragile minds according to this site which gives film style ratings for the URL entered. This rating was determined based on the presence of the following words: pissed (4x) shit (3x) fucking (2x) dead (1x) I...
Quoting Tories on Socialists.
Spotted at Dick Puddlecote's place, the following quote amused me and is as relevant today as it was back in 1976 when the Iron Lady was being interviewed by Thames TV (emphasis mine) : I would much prefer to bring them down as soon as possible. I think they've made...