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The current Brexit conversation seems to be revolving around whether or not the UK government’s coming 70 technical papers to prepare the country for a possible hard Brexit are alarmist, propaganda or a continuation of Project Fear. The one topic that is dominating this debate is whether or not there should be stockpiling of food… » read more

Posted by financialguy

Is Ed In Economic Dreamland?

The UK news was dominated a few days ago by New Labour’s leader, Ed Miliband and his first speech of 2011. It’s long, and I don’t propose to comment on it all, but I do propose to look at the element that was considered ‘newsworthy’. The full text of the speech is here. Taken from… » read more

Posted by financialguy

Your author can clearly recall hearing Tony Blair and Gordon Brown justify the invasion of Iraq as being ‘for’ democracy. New Labour love ‘democracy’. So much so that they mentioned it in their election manifesto! You can watch as democracy is explained to Britain here: [kml_flashembed movie=”http://www.youtube.com/v/uvl8a-ZiyTY” width=”425″ height=”350″ wmode=”transparent” /] I don’t know about… » read more

Posted by financialguy

So how much government borrowing can one economy take? Really? Imagine, hypothetically, that a country had banking problems and that this was in large part due to excessive borrowing within corporations and by individuals, how much sense can it make for the government to borrow to bail out the borrowers? So we all know that… » read more

Posted by financialguy