Center of the universe © fintag News comments: You have to hand it to the technocrats. They have pushed and pushed and got what they wanted. Greece has been taken over. It has lost its sovereignty and not a bullet was fired. Iran may think owning a nuke or two is the way forward but its not – they should hand out interest free credit cards to the West. Greece is dying but not dead. It still has a trump card or two including leaving the Euro and the ECB taking a nice hit and the people electing a new radical government with no alliance to the EU. It will leave the Euro. The plastic...
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one direction © fintag News comments: Sometimes just saying it over and over again will make it happen. Take Greece. It will go bust. It has an appalling track record and has people who are revolting. (telegraph) Take Private Equity. For years we have moaned about their tax breaks and being responsible for the credit crunch. Looks like the techocrats have woken up to a large tax pool thanks to Mitt Romney. (irishtimes) Take Obama. Even before he was elected (lest not forget I saw him taking money off hedgies in Greenwich in the days when he loved money) we predicted he would be a one...
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Sunset © fintagNews comments: Australia. The land of plenty (if you can get in). Thanks to China, Australia will soon be the new USA. Despite having a fraction of the people, it is home to soon to be the richest woman in the world (ousting out Walton, the Walmart heiress). Its debt is falling and the second richest Australian works for Glencore. Mining trumps moving money around. As wikipedia says “Australia’s per-capita GDP is higher than that of the UK, Germany, and France in terms of purchasing power parity. The country was ranked second in the United Nations 2011 Human...
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Zadig and Vulgar © fintag News comments: Best to hide that bling because the bling police are coming after you. Italy and Greece have been pumping resources into their bling police. This new and sinister 1984 / Minority Report squad of socialist agents are pouncing on those who flaunt their wealth. The regulators are successfully prosecuting hedgies for market abuse (Hank Paulson of course has avoided any such problem) and in Italy those who drive fast red cars are being reported to the tax authorities. As most of you know, the inherited rich like to keep their wealth hidden. So taking...
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greece © eu News comments: A bit like watching a Hollywood couple with the perfect marriage that we all know is not so and yet we are still shocked when a Tweet or two tell the world it was a sham and it’s all over. Greece. The longest running and most boring soap opera is coming to an end. Here is a leaked Tweet that has come our way via tor-megaupload-wikileaks-scribd-recycle-bin: @theworld Greece has decided to enter a new era of the Drachma. It would like to thank the IMF, the IFF, the hedge funds, the technocrats, for providing us with free biscuits and coffee during …....
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Chocolate © fintag News comments: Chocolate is the new black. Chocolate is booming. The tonnage price for cocoa liqueur is pushing new highs and the size of chocolate bars is ever falling. London has opened up a number of top end chocolate boutiques and my understanding is obese people often have a love for this tobacco additive substance and given they are on the rise . What is staggering is the rise of fine chocolate in the USA. 10 years ago you had Hershey bars and that was about it. Today there are 3- plus brands (I made this up but it seems reasonable (wikipedia)). And the price...
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Spots © Rich Con Artist News comments: At this stage of a new year we expect to see a spot bursting. A celebrity death or misadventure, a natural disaster or an economic event to give us food for thought. Nothing yet. Nothing but people talking and red tape and conference calls that should never have happened. Take Einhorn. Insider dealing. They have a call and learn about something that may happen in the future. They act on it. It is deemed inside information and they get fined. Why? They had a large stake, it was obvious they were winding down their position, no need for Sherlock...
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Orgasm © fintagNews comments: The ECB as new lender of last resort is causing us all to scratch our heads. Risky banks can now borrow dirt cheap money with crap-for-collateral. Risky sovereign states can now sell their high yielding govt debt to their risky banks who are awash with cheap cash. Banks get a margin, and governments get to see another day. The ECB is like a drug dealer handing out below market rate drugs or high class hookers for dollar a trick rates. The banks are addicted; sovereign debt yields are falling; liquidity is restored. The ECB is buying up government junk that...
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Greek fight © Greece News comments: The fight of 2012 is on. Well it’s been on and off for a few months now. In the blue corner are the hedge funds. In the red corner are Merkel and Sarkozy as team Merkozy. The Hedge Funds have teamed up with some rogue French Banks and the Merkozy team have the eurocrats firmly behind them. The IFF is the referee and the contest is like a trade union wage dispute. The hedgies want 100%; Merkozy are only prepared to give them 20%. Merkozy hate the hedge fund locusts and despite hating the Greeks who will benefit from a decent debt write off, wish...
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So if we post this image, are we too in breach of copyright? More importantly, is this the beginning of the end of the hippy free internet we all love so much? Next it will be porn, extreme political views and the NRA… Google’s days (fintag) are truly over. Privacy law postponed (bbc)Read
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