It’s All Greek Junk Bonds To Me!

It’s not often one gets to say it but… I feel sorry for the Germans.  Why should they have to pay up billions because the Greeks want to retire at 53 and get paid extra for arriving at work on time? I’ve listened to and read some pretty intricate analyses of how the Greeks got themselves into this mess and whether their contagion risk will spread to the UK.  I’ve...

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Cutting the Crap of Recession-Speak (Part 2)

Breaking news – Gordon Brown has become a personal development guru! I’ll have to watch out for my customers… In Cutting the Crap of Recession-Speak (Part 1) I contrasted the advice of entrepreneur Sir David Tang with our Prime Minister Gordon Brown.  Tang urges small-but-optimistic thinking, whereas Brown preaches a kamikaze imprudent doctrine of spend, spent, spend. Now it...

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Cutting the Crap of Recession-Speak (Part 1)

I’ve just read the best article yet only article worth reading on the current recession. I’m no macro-economist, so I’ve found it hard to follow some of the more technical melodramatic discussions so beloved by the media.  How did this global economic tsunami downturn come about?  An over-inflated property market?  A housing crisis?  Banks too eager to lend?  Stock market...

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Why Do Women Endure High Heels?

Why do 24-hour convenience stores have locks on the doors? The answer, in a word, is cost. Given that the vast majority of industrial doors are sold with locks, it is definitely cheaper to make – and therefore purchase – all doors the same way. This is just one example of the sorts of everyday questions that Robert Frank answers in his book The Economic Naturalist: Why Economics Explains...

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