Monday, 20 February 2012
Steven Major, head of fixed income at HSBC, tells the Today programme that he is optimistic about the future of the eurozone. Here.
Wow. Optimism about the Eurozone. That's a change. I wonder how he was allowed onto the radio.
There's a lot of wishful thinking among the (British) doomsayers (just listen to the disappointment in Sarah Montague's voice when reacting to the interviewees optimism). They have a not-so-secret wish for the Euro to collapse. Except, it isn't a wish but an elaborate dance of 'we told you so'. There isn't really any doubt at all that the Euro's going to collapse - is collapsing. Of course it's collapsing - it can do nothing but collapse - as it was always going to do.
But the Euro is very unlikely to collapse, and Greece is less than likely to exit the Euro. A year from now things could look very different. Britain will still have high sovereign debt levels, as their gigantic economic neighbour, the Euro area, continues to consolidate and create an economic bloc, suited to take on the Chinas, Brazils and Indias - preparing for a future that (awkwardly) is already here.
At the moment, finding a politician arguing for British adoption of the Euro, is like finding a dieter in MacDonald's. It won't take too long for that to start changing.
Wow. Optimism about the Eurozone. That's a change. I wonder how he was allowed onto the radio.
There's a lot of wishful thinking among the (British) doomsayers (just listen to the disappointment in Sarah Montague's voice when reacting to the interviewees optimism). They have a not-so-secret wish for the Euro to collapse. Except, it isn't a wish but an elaborate dance of 'we told you so'. There isn't really any doubt at all that the Euro's going to collapse - is collapsing. Of course it's collapsing - it can do nothing but collapse - as it was always going to do.
But the Euro is very unlikely to collapse, and Greece is less than likely to exit the Euro. A year from now things could look very different. Britain will still have high sovereign debt levels, as their gigantic economic neighbour, the Euro area, continues to consolidate and create an economic bloc, suited to take on the Chinas, Brazils and Indias - preparing for a future that (awkwardly) is already here.
At the moment, finding a politician arguing for British adoption of the Euro, is like finding a dieter in MacDonald's. It won't take too long for that to start changing.
Thursday, 16 February 2012
"Selfishness beats altruism within groups. Altruistic groups beat selfish groups. The rest is commentary."
David Sloan Wilson - here.
David Sloan Wilson - here.
Wednesday, 15 February 2012
"Kate's (Duchess of Cambridge) not my type". Hilarious. Encapsulates the absurdity of (mere commoners) being 'represented' by a royal family in the 21st century. Here.
Tuesday, 14 February 2012
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