From Catalonia to Caledonia

Overheard in the restaurant: Fund Manager: "I'm quite pessimistic about the current financial system. I've been buying gold....

Another of the market fallacies doing the rounds is the argument that some institutions, because of their size and their systemic importance...

This is the one that really irritates me. Over the years, many in the financial services community have lobbied against government-sponsored...

In the same way as I wrote a few entries on the fallacies that dominate Spanish/Catalan politics, I am going to write a few short posts on t...

And now some graphs that are not funny at all: You will have read that the press has reported with delight how short-selling has been banned...

Man: "If this crash had been caused by Bin Laden, right now we would be bombing out some Muslim country" Woman: "Thank good...

Well, let’s not get the collapse of the financial system distract us from what the Spanish state does to those who challenge their (Spanish)...

Never seen this before in my life: The graph above shows the overnight USD Libor rate. This is the annualised interest rate at which financi...