428 days ago
My old college is celebrating “Equalities Week” with a panel of BAME high achievers and a panel of four female graduates who have made it big. The event is a demonstration of how the woke elites view equality and why they are so out of touch with the grim reality of life for those who really could do with a dose of equality, that is to say the poor.
1541 days ago
Next week the Bank of England will increase base rates. Almost certainly by not enough but it is a start and a sign of what is to come. I look at new data out this week which shows just how much of a shock even a rise of 0.5% will be to millions of our fellow citizens and what the ramifications of that will be. I look at share sales at Berkeley Group (BKG), I look at CEO pay at ASOS (ASC) and finally have real doubts about the forthcoming IPO of Footasylum which I'd dodge big time.
1652 days ago
In late March of this year, Charlotte Hogg was eventually forced to resign as deputy Governor of the Bank of England for a clear breach of conflict of interest guidelines, a breach of rules she knew well as they were drawn up by her. I predicted then that she would be back and it would not take long. You could see the writing was on the wall as the establishment praised her for "doing the honourable thing". Bollocks.
1768 days ago
I noted last week, in an article on my personal website, how little Miss Piggy would end up in the House of Lords whatever happened to her at the Bank of England - HERE. Today she "was resigned" for breaking the rules. I reflect on that in a less than charitable view. The thing is that the Aristocracy is like cream: thick but they rise to the top. Like disgraced expenses fiddling pater, Lord Hogg of Moat Cleaning, Charlotte will bounce back.
1772 days ago
I noted in a bearcast a while ago that Charlotte Hogg, the - for now - deputy Governor of the Bank of England - was an Oxford contemporary. Two years my junior her first year room was two doors away from my third year room. We did not mix. She was clever but, by a long chalk, not the smartest person of her year but with a grandfather like Lord Hailsham, a daddy in the cabinet and mummy in the House of Lords... well some folks are more equal than others are they not?.
1903 days ago
It seems as if the Governor of the Bank of England Mark Carney wants to quit. I list the numerous reasons why this poltroon should be fired at once. Then there is a discussion of the morality of investment decisions prompted by today's article on Premaitha (NIPT), last week's news from Avocet (AVM) and other issues.
2120 days ago
There is only one thing that Daily Mail readers love more than articles about how illegal immigrants can give you cancer and that is articles on how prices are going up. But today there is an article which warns that the Bank of England is set to try and stop Buy to Let becoming a bubble. It's too late! It is not if but when it all bursts.
3482 days ago
I am not sure which is more hapless and hopeless, the ECB or the Bank of England. It is a close run thing and today’s actions by the pair did nothing to clarify the situation.
The Bank of England announced £50 billion more Quantitative Easing. Ok, so QE has not worked to date so let’s try it again but only a small dose. If you think that QE is the answer to the UK’s ills (and for what it is worth I do not) then force the patient to drink gallons of medicine. The strategy seems to be a big gulp, then another big gulp and because that has not worked another sip or two. This latest QE will be regarded as either: another dollop of the wrong medicine (by sceptics like myself) or too little medicine to make a change and thus a counterproductive confidence destroyer (that is the “believer’s view). Either way this is another day in which the Old lady of Threadneedle Street achieves nothing much.