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GLG News by this Author
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France Rebuilds The Maginot Line
October 10, 2011
Banks face new European stress tests | www.ft.com
France struggles to defend itself froma Greek default, ignoring the implosion of Dexia and the risk from Belgium.
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October 5, 2011
Presenting Total Bank Assets As A Percentage Of Host Countries' GDP | www.zerohedge.com
The longer the eurozone crisis continues, the greater the damage to the global economy.
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The Greek Tragedy - Sarkozy's False Dawn
June 28, 2011
Greece will default and exit the Euro
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June 27, 2011
Greece will default and leave the Euro.
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The Greek Tragedy - Another Day Another Downgrade
June 14, 2011
Standard & Poor's downgrade Greek debt.
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Moody's Threatens To Downgrade UK
June 8, 2011
Moody's warning causes pound to fall.
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June 3, 2011
Moody's threatens to downgrade USA.
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The Japanese Ministry of Reconstruction
March 16, 2011
Whilst the shorters currently have the "upper hand", the medium and long term prospects for the markets are favourable. Do not panic, and do not get suckered in by the media hyperbole of crashing markets and nuclear "meltdowns".
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The Japanese Crisis - Don't Panic
March 15, 2011
Do not panic, and do not get suckered in by the media hyperbole of crashing markets and nuclear "meltdowns".
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November 12, 2010
Irish Debt Rises for First Day in 14, Bund Spread Narrows on G-20 Talks | www.bloomberg.com
EU plans to force bondholders to share the cost of a bailout 1 Shows that the EU is making up economic policy and plans "on the hoof"2 Will increase future yieldsLike it or not, the EU have managed to undermine a future source of revenue and seriously destabilise and unnerve the bond markets. The result being that countries such as Ireland have been pushed closer to the edge of financial meltdown, as the costs of servicing their debt has risen.
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April 15, 2010
Greece 'will not default on debt' | www.google.com
At some stage or another Greece will be forced to leave the Eurozone. The longer it takes Greece to bite the bullet, the harder the pain will be when they do leave the Eurozone.
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February 15, 2010
Euro under pressure as Greek plans awaited | www.ft.com
The best solution for the EU and indeed for Greece may well be to let it rot and be pushed out of the Euro, thus ensuring that further bailouts of other countries (eg Ireland and Spain) will not be necessary.
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January 19, 2010
Cadbury climbs as it agrees Kraft takeover bid | www.citywire.co.uk
Doubtless the board would not have given in if they did not believe that they had the support of key shareholders. It should be noted that, when details of an initial offer were made public in September, hedge funds were more than keen to snap up shares in Cadbury.
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The Treasury, Bankers' Bonuses, Goldman Sachs and the Curate's Egg
January 6, 2010
Goldman Sachs reviews London operation in wake of 50% bonus tax | www.citywire.co.uk
The City of London provides a large chunk of tax revenue for our political masters to spend on their pet projects. The fact that the government is disappointed that bankers' bonuses have not been curtailed, indicates just how cretinous they are. The higher the bonuses, the greater the tax take.The Treasury will do very nicely out of this bonus season, raking in around £4BN.
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Alistair Darling's Bankers' Bonus Tax Falls Apart
December 11, 2009
The Bankers' Bonus Tax | councils.glgroup.com
It seems, as ever with Labour's shoddy legislative drafting, that the net for this tax could be drawn very wide indeed (eg more than just "bankers").
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December 9, 2009
Darling 'set for bank bonus tax' in pre-Budget report | news.bbc.co.uk
The tax will be shot to pieces, if the bill ever gets passed in the dying days of this parliament, and HMRC will be forced to waste valuable time and resources trying to "pin a tail on the donkey" of the bankers.
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Royal Bank of Scotland and Lloyds - The Price of Failure
November 3, 2009
U.K.’s Darling Says RBS, Lloyds Sell-Off Will Boost Competition | www.bloomberg.com
Given that RBS and Lloyds are in a complete mess, thanks to their own inept management, I don't fully "grasp" how it is that any senior manager is entitled to receive a bonus.By paying part of the bonuses in shares, the current shareholders will find their holdings diluted, and the management will be incentivised to talk the value of the shares up in future (a la Enron) in order to maximise their personal gains.Is this really an improvement in the corporate governance of these two failed banks?
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The DPRK (North Korea) Location, Location, Location
September 21, 2009
Goldman Sachs Has a Different View of Korean Unification | online.wsj.com
The DPRK (North Korea) represents one of the last “green field” economies in the world with exceptional investment opportunities.As such it provides an unparalleled opportunity for business professionals who know and understand the risks, the people and the country. As estate agents are fond of saying it is a case of “location, location, location”.
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The Driver for The De Beers Marketing Campaign
September 16, 2009
The Everlon Diamond Knot | www.jckonline.com
The marketing campaign can be viewed as a "test" campaign to determine whether other products can be individually branded in this manner.The question is, does De Beers have enough money to finance an ongoing campaign that it hopes can renew its image?
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Bank of America and The Lesson of Parmalat
September 15, 2009
Bank of America liable for fraud, judge told | www.thestar.com
Parmalat (once Italy’s largest dairy company) was "Europe’s Enron".In my experience, fraud and corruption in an organisation can only be rooted out if my “five principles of good governance” are followed.When something stinks, you open the window and throw it out.
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