Latest Blog

Despatches from the Economic Frontline

Toxic debt is apparently sexier than bad debt, which is what it is.In fact, the total bad debts incurred by major global financial institutions, according to the BoE due to the US sub-prime mortages. ...

"Pay no attention to that man behind the curtain" - The Wizard of Oz

We are witnessing the destruction of money on an apocalyptic scale - after the great credit expansion, then the crunch, now we are witnessing the contraction of this massive credit bubble as a wave of...


Request a free call back