Sunday, 4 November 2007

Sunday Business Round Up - Princely Effort


Unsurprisingly to those who read this blog, the credit crunch rumbles on and in fact seems to be getting a little worse again this week. How all the politicians would wish this all away, as would many of the Banks senior management.

So we start with a big story:

Citigroup CEO to resign - This is the biggest bank in the world and one of the best performing too. Chuck Prince is going to go which means more bad news will be leaked out in this coming week. All in all a sorry state of affairs.

The price of whistle-blowing
- Looking at the analyst who saw the problems in Citi's balance sheet. She really is married to Death Mask? What a strange world it can be....

Another CEO gone too - Kingfisher, otherwise known as B&Q in this country, lost its CEO this week too. A very poor few years in charge for Gerry Murphy who is a top executive. It perhaps illustrates just how much leaders ride whatever the waves are throwing at them rather than being able to change the world.

And Another Branson Float - This time Virgin Active, which has recently bought a chain of Private Equity gyms, now wants to raise money in the market. The Investment bankers' will be happy with this merry-go-round!

Badger - Alistair Darling to retreat further on tax 'reforms.' Brown clearly likes humiliating this rare species.

What to do with UK interest rates - it seems business, economists and journalists are all heading towards demanding cuts. I don;t think we should follow the US into suicide myself, but it would help my mortgage payments in the short term....

Northern Rock - Following on from my post on Friday, another example of just how bizarre this saga has become. It may well end in full nationalisation as the options run out in the new year...

Is Jersey one of the best tax havens?
- Interesting piece from the Sunday Observer.

Comment of the week - Wall street nightmare to continue, by Katherine Griffiths in the Telegraph.


14 comments:

Nick Drew said...

Didn't take long on google to answer my own question on Tim Congdon (see earlier post). The blogosphere seems to agree with the view that he looks like a man with an agenda, and indeed he is (= an NR shareholder, which in current circumstances would seem to mean a man taking a punt). (Other terms used by various commenters to describe TC's performance on Newsnight: emotional; anxious; sweating; tearful; nervous; shifty)

Except, that is, for John Redwood, who holds the opposite view, that far from looking out of it, Congdon in fact prevailed in the debate on Newsnight; that Vince Cable should apologise to NR; and that BoE should continue to bail out NR / cut interest rates etc (a position he has promoted from the start of the crisis)

Very odd

Anonymous said...

Some Day Your Prince Will Go.

CityUnslicker said...

ND - maybe Redwood wants to encourage the Government meltdown on this issue...perhaps playing the long game politically!

Dearime - Quite correct, today even!

Anonymous said...

There are almost no nude photos in these articles.....

CityUnslicker said...

Given the people mentioned Mutley; this is surely a good thing?

Nick Drew said...

Mutt - well several of them are in pretty exposed positions

and about to be stuffed

(sorry)

Old BE said...

Won't cutting rates just delay and exacerbate the stagflation which we are no doubt due?

I would rather my mortgage went up if it meant rates could fall properly in a couple of years rather than go down prematurely only to have to be whacked up later on.

Perhaps we will just have a hold for a few more months.

Anonymous said...

Strictly speaking the BoE can't cut interest rates because interest rates are determined by the response to inflation. With commodity prices rising rapidly the BoE is under technical pressure to RAISE interest rates. However, since the inflation target is set by the government, watch out while the UK government follows the lead of the US government and starts fudging the inflation target in unbelievable ways....

CityUnslicker said...

Ed - inflation pressures may well have changed a bit since we had 5 rate rises. Still it seems incredible that they should really cut rates before xmas...does not mean they won't.

CityUnslicker said...

anon - I am finding it very hard to see what commodity prices are really doing. With the fall in the dollar it makes it difficult to see if prices really are continuing to go through the roof or whether they reflect the future view of where the dollar is going to go....

Anonymous said...

Cowrie shells: wherever are my boyhood cowrie shells?

Old BE said...

Inflation in my own personal "basket" is still quite strong and with the figures so cooked it's difficult to see what inflation's actually doing!

Anonymous said...

aaaa片, 免費聊天, 咆哮小老鼠影片分享區, 金瓶梅影片, av女優王國, 78論壇, 女同聊天室, 熟女貼圖, 1069壞朋友論壇gay, 淫蕩少女總部, 日本情色派, 平水相逢, 黑澀會美眉無名, 網路小說免費看, 999東洋成人, 免費視訊聊天, 情色電影分享區, 9k躺伯虎聊天室, 傑克論壇, 日本女星杉本彩寫真, 自拍電影免費下載, a片論壇, 情色短片試看, 素人自拍寫真, 免費成人影音, 彩虹自拍, 小魔女貼影片, 自拍裸體寫真, 禿頭俱樂部, 環球av影音城, 學生色情聊天室, 視訊美女, 辣妹情色圖, 性感卡通美女圖片, 影音, 情色照片 做愛, hilive tv , 忘年之交聊天室, 制服美女, 性感辣妹, ut 女同聊天室, 淫蕩自拍, 處女貼圖貼片區, 聊天ukiss tw, 亞亞成人館, 777成人, 秋瓷炫裸體寫真, 淫蕩天使貼圖, 十八禁成人影音, 禁地論壇, 洪爺淫蕩自拍, 秘書自拍圖片,

做愛的漫畫圖片, 情色電影分享區, 做愛ㄉ影片, 丁字褲美女寫真, 色美眉, 自拍俱樂部首頁, 日本偷自拍圖片, 色情做愛影片, 情色貼圖區, 八國聯軍情色網, 免費線上a片, 淫蕩女孩自拍, 美國a片, 都都成人站, 色情自拍, 本土自拍照片, 熊貓貼圖區, 色情影片, 5278影片網, 脫星寫真圖片, 粉喵聊天室, 金瓶梅18, sex888影片分享區, 1007視訊, 雙贏論壇, 爆爆爽a片免費看, 天堂私服論壇, 情色電影下載, 成人短片, 麗的線上情色小遊戲, 情色動畫免費下載, 日本女優, 小說論壇, 777成人區, showlive影音聊天網, 聊天室尋夢園, 義大利女星寫真集, 韓國a片, 熟女人妻援交, 0204成人, 性感內衣模特兒, 影片, 情色卡通, 85cc免費影城85cc, 本土自拍照片, 成人漫畫區, 18禁, 情人節阿性,

Anonymous said...

情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, ut聊天室, 視訊聊天, 免費視訊聊天室, a片下載, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網, 影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友,

免費A片, 本土自拍, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片, 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 免費A片下載, 性愛, 成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲, 情色視訊,