economics

Category archives for economics

Well, that was the Beeb headline, to The UK Treasury has failed to sell all its government bonds in an auction for the first time since 2002. But in fact It wanted to sell £1.75bn of 40-year bonds, but investors only bid for £1.63bn of the debt, the Debt Management Office said. so (a) it…

A certain loss

Via Steinn, who got it from CR, this delightful story of how people are now so scared of losing unknown amounts of money they are prepared to sign up to a certain but small absolute loss (and thats neglecting inflation). They should buy our shares, like I did earlier this week, and they actually went…

REM, of course. Or perhaps more appropriately, Its the end of the world as we know it (and I feel fine). I won’t elaborate on the I-feel-fine for the sake of not tempting fate, not that I’m superstitious mind you. Where was I? Oh yes, commenting on CIPs vision of our government as competent. No…

Strange days indeed

Just a minor addition to the vast streams of pap being written and spoken about the current crisis (what crisis?). Inspired by watching financial TV in my hotel room. Iceland seems to have sold itself to the Russians “We have not received the kind of support that we were requesting from our friends,” said Geir…

Bozos

Scenario one: you borrow some money. You exchange the money for shares. The shares go up, you exchange the shares for more money than originally, and so pay back the loan and you have a profit. If you get it wrong, they go down and you lose instead. Scenario two: you borrow some shares. You…

Another one bites the dust?

Make an impact. Engage your passion. Realize your potential. Around the world, the Lehman Brothers team is growing. Explore these pages to learn how you can build a career with us, and experience Lehman Brothers for yourself. Oops. Update: now we know why they keeled over. Update: Incidentally, the Lehman bankruptcy is apparently 10x the…