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Sandy Weill Said What?

I must be getting old. Too old to understand English anymore. Sandy Weill, architect of Citibank’s ill advised growth, and long time advocate of the form of universal banking that brought about the crash, has just pronounced on the state of banking. And called for the break up of the big banks. Pinch me please. […]

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It’s The Wages Stupid

Such is the breadth and depth of the Romneyfication of our economy that otherwise sensible people make silly faux pas or repeat false thinking without a hint of knowledge of their error. Take Sebastian Mallaby for instance. I was pleased with his two recent articles on banking. He offered us all a strident argument for […]

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Take Our Money, Please!

Amidst all the gloom and doom in Europe it may have escaped your attention that the US can now borrow money at less than zero percent. Adjusted for inflation. Yes, that’s right. People are paying the US to take their cash off their hands. This is an extraordinary moment. The US, which has an old […]

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