Well after yesterday's frenzy as a survey revealed 8% didn't think the world was going to end in 2010( I love the bias in these things) a pretty dull day, though I almost got excited about selling calls.
Now according to the FT these surveys have a big influence on markets- what George Soros calls reflexivity- Hungarian for 'a bunch of idiots sharing the same delusion'
Can't deny the influence and how often does one see optimism produce amazing outcomes?
A little off track- our vet today gave us a reduced rate on rabbit vaccinations, because she's a lovely human being, and a great vet. Would it hurt the banks to show a little kindness after the huge amount of charity we've shown them?
Barclays should be ashamed at charging 21% interest, when they get the money for 'free'.
If, and this is a biiiiiiig 'if' the government were sincere about giving the economy a boost, they would give the money to the people ( a 2 year break from council tax I say). They are simply, and beyond argument, the pathetic poodles of the banks and do whatever they are told- nothing has changed in 100 years. The Great War enriched the financiers while the great and the good suffered and died.
Can I be a capitalist with a sense of fair play?
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Fair play?
ReplyDeletePerhaps some of those who sold out property at huge profits during the credit bubble should give some of it back to the taxpayer..
I think you'll find a great many bankers made fortunes out of those property deals- Many sold their own buildings on leaseback deals.
ReplyDeletePeople will always profit from property, and banks will always have my contempt for the damage they do on a social level.
I'm sure most of those who sold property for profits would have paid 40% capital gains tax while the banks would have slithered out of any tax liability with clever accounting. just musings.