Tag Archives: economics

The stupidity it burns

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Having spent the day in a management training course, which invovled going to the office and thus trains and thus news papers I got exposed to above normal levels of stupid. So I thought I’d do the only “decent” thing and share the pain, so here is the Wednesday stupidity round up. ( I won’t mention Gordon Brown saying “told you so” and that te world needed to bail out the Euro). Starting with the Metro and following up from yesterday it seems that the Government has announced reforms to the drive for renewable energy (wind farm subsidies for rich … Continue reading →

Reality lag

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I do hope you’ll indulge me in a lightly referenced post, but having just watched the BBC news I have a slight need to rant. Plus if you read many of the blogs I link to you’ll already be aware of many of the things I’ll mention. The BBC tonight had a “news” article about the problems of keeping the lights on in the UK, due to massive lack of investment in our power infrastructure, so far so good. Then the insanity started, apparently we can subsidise wind power which so far contributes nothing and needs massive conventional back up … Continue reading →

Market forces at work

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It would seem that given the right information markets will take action to correct themselves as Goldman Sachs may be learning. Yesterday a employee of Goldman Sachs left quite publicly listing a whole bunch of problems they had with the current culture and how the firm treated it’s clients and put the needs of the clients secondary to the firms own profits. Today the markets react to the new information deciding the firm is probably worth $2.15 billion less now that they know the firm isn’t looking after it’s customers. Of course it’s quite likely the value will bounce back, … Continue reading →