Send in the clowns…

I don’t watch much television these days, but the drama series I have been viewing recently has been enthralling. On Tuesday the great and not so good of the banking industry were taken to task by the Treasury Select Committee and what a “sorry” bunch they were. At least...

Another day – another scandal

This is how politics works in Thailand. Whether it is a general accused of taking bribes for re-equipping the air force with Saab Gripens (although compared with the Al-Yamamah contract – loose change in a bucket) or a lowly official who bought air conditioning units that didn’t work there...

Poll of polls

The voting is over, the result is in and by an overwhelming majority no one has the foggiest idea about what actually comes next, which is a small vote for sanity as those who profess to “know” are due a good “shipwrecking on the laughter of the gods”.  There...

All I want for Christmas

Just a small government hand out would do nicely. After all the banks have had largesse pored on them one way or another and now car manufacturers and even hedge funds are getting into the line up. But is this benefiting the average “Joe”? Well some mortgage rates have...

“Soul” Searching

 At this “festive” time of year we pundits like to look back on the year that’s gone and ruminate about the one to come. Not that the market cares for calendar years or any other marker in the sand and never has it been so hard to divine the...