Comments on: The World’s new hedge fund managers and bankers to meet in London http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/ Incisive and topical campaigns and commentary on today's issues and tomorrow's problems Thu, 24 May 2012 17:19:46 +0000 hourly 1 By: Adrian Peirson http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13565 Adrian Peirson Wed, 01 Apr 2009 15:17:39 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13565 Mr Redwood, can you suggest to Parliament they should hold the G20 summit in a Ladbrokes Casino, tell them we will pay the Bill. Mr Redwood, can you suggest to Parliament they should hold the G20 summit in a Ladbrokes Casino, tell them we will pay the Bill.

]]> By: chris http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13564 chris Wed, 01 Apr 2009 08:15:19 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13564 The masters of the universe are blinded by power. We are all going to suffer. The masters of the universe are blinded by power. We are all going to suffer.

]]> By: The Economic Voice http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13563 The Economic Voice Tue, 31 Mar 2009 21:21:43 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13563 TOTALLY off topic, but why was Obama, the Head of State for the US not met by Her Majesty, our Head of State, or one of her representatives on his first visit to the UK as President of the USA? TOTALLY off topic, but why was Obama, the Head of State for the US not met by Her Majesty, our Head of State, or one of her representatives on his first visit to the UK as President of the USA?

]]> By: SJB http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13562 SJB Tue, 31 Mar 2009 21:18:49 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13562 New start-ups. There are an extraordinary number of professional people claiming benefits: http://image.guardian.co.uk/sys-files/Guardian/documents/2009/03/19/20.03.09.Benefit.claimants.pdf Tessa Jowell on the BBC's Question Time recently claimed that another £1 billion was going into JobcentrePlus so that more interviews could be conducted. But imagine if just a small percentage of that sum was instead applied to providing professional support to those unemployed professionals thinking of setting up their own business. E.g. quality sales & marketing advice, teaching them how to prepare cash flow forecast etc. New start-ups. There are an extraordinary number of professional people claiming benefits: http://image.guardian.co.uk/sys-files/Guardian/documents/2009/03/19/20.03.09.Benefit.claimants.pdf

Tessa Jowell on the BBC’s Question Time recently claimed that another £1 billion was going into JobcentrePlus so that more interviews could be conducted. But imagine if just a small percentage of that sum was instead applied to providing professional support to those unemployed professionals thinking of setting up their own business. E.g. quality sales & marketing advice, teaching them how to prepare cash flow forecast etc.

]]> By: Bernard Palmer http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13561 Bernard Palmer Tue, 31 Mar 2009 20:01:25 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13561 John. I think this gathering of all the world leaders of Socialism is going to be historic because it possible could be the very last one ever. There is no cure for Socialism. It has to be put down and Atticus Finch Obama might be doing soon to the auto makers. The impending collapse of the US Automobile industry is scaring the hell out of the Japanese as they use the same components suppliers in the US. The end of Socialism could be really close. http://mdn.mainichi.jp/mdnnews/news/20090331p2g00m0dm005000c.html John.

I think this gathering of all the world leaders of Socialism is going to be historic because it possible could be the very last one ever.

There is no cure for Socialism. It has to be put down and Atticus Finch Obama might be doing soon to the auto makers.

The impending collapse of the US Automobile industry is scaring the hell out of the Japanese as they use the same components suppliers in the US. The end of Socialism could be really close.

http://mdn.mainichi.jp/mdnnews/news/20090331p2g00m0dm005000c.html

]]> By: Acorn http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13560 Acorn Tue, 31 Mar 2009 19:52:09 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13560 Interesting debate today in Parliament (economy debate), unfortunately it did show up the lack of understanding, on the ZaNu benches, of financial matters. Redwoodians have posted previously on the "debt for equity swaps" concept. Swapping "preferred" bond holdings for "common" shares, (equity); bond holders are much higher in the food chain than the equity holders, when things go t*ts up. Also, bond holders are much more likely to be on first name terms with governments and their officials than common share holders! Can I recommend a couple of articles, US based, but coming to a government near you soon. The point to note is that government buying toxic assets from the banks, does nothing for the size of a banks balance sheet, unless you overpay for those assets. Obama's latest toxic asset plan looks a real whiz, (see first link below). JR mentioned in parliament recently that if governments had to prepare accounts the same as any other large PLC, things would be a lot more transparent for us taxpayers. Unfortunately, our government would show a increasing operating loss, and burning cash it doesn't have. http://www.hussmanfunds.com/wmc/wmc090323.htm http://www.hussmanfunds.com/wmc/wmc090330.htm Interesting debate today in Parliament (economy debate), unfortunately it did show up the lack of understanding, on the ZaNu benches, of financial matters.

Redwoodians have posted previously on the “debt for equity swaps” concept. Swapping “preferred” bond holdings for “common” shares, (equity); bond holders are much higher in the food chain than the equity holders, when things go t*ts up. Also, bond holders are much more likely to be on first name terms with governments and their officials than common share holders!

Can I recommend a couple of articles, US based, but coming to a government near you soon. The point to note is that government buying toxic assets from the banks, does nothing for the size of a banks balance sheet, unless you overpay for those assets. Obama’s latest toxic asset plan looks a real whiz, (see first link below).

JR mentioned in parliament recently that if governments had to prepare accounts the same as any other large PLC, things would be a lot more transparent for us taxpayers. Unfortunately, our government would show a increasing operating loss, and burning cash it doesn’t have.

http://www.hussmanfunds.com/wmc/wmc090323.htm

http://www.hussmanfunds.com/wmc/wmc090330.htm

]]> By: Steven_L http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13559 Steven_L Tue, 31 Mar 2009 18:55:32 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13559 Inflation sparked by the USA and UK. The Germans and French have no choice but to follow suit or see their currencies appreciate to undesirable levels. Consumer price inflation for pensioners, savings and lots of workers in the West to outpace wage inflation. Deleveraging of the consumer but drop in living standards compared to the last couple of decades. High unemployment by the standards of the credit boom years. Political instability relative to the last 30 years. Economic reform on energy policy, creating pain for some, opportunities for others. Creditor nations to gain concessions in terms of political participation. Inflation sparked by the USA and UK. The Germans and French have no choice but to follow suit or see their currencies appreciate to undesirable levels. Consumer price inflation for pensioners, savings and lots of workers in the West to outpace wage inflation. Deleveraging of the consumer but drop in living standards compared to the last couple of decades. High unemployment by the standards of the credit boom years. Political instability relative to the last 30 years. Economic reform on energy policy, creating pain for some, opportunities for others. Creditor nations to gain concessions in terms of political participation.

]]> By: Steven_L http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13558 Steven_L Tue, 31 Mar 2009 18:46:35 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13558 Surely you mean they use currency manipulation and employment law jurisdictionary arbitrage? Look to me like the US are going to use inflation and if anyone objects too much they've always got the FA-22 Raptor to fall back on. Surely you mean they use currency manipulation and employment law jurisdictionary arbitrage?

Look to me like the US are going to use inflation and if anyone objects too much they’ve always got the FA-22 Raptor to fall back on.

]]> By: mikestallard http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13557 mikestallard Tue, 31 Mar 2009 16:29:14 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13557 Have I got this right? The Chinese slave economy has, not surprisingly, outperformed the Western economies in clothing and toy production. It is also very efficient at turning out products which are designed and thought up in the West. The West at first managed this slave economy and then began to depend on it. At last, for a few years, it went heavily into debt to it and now it is broke. All its money has flowed into the slave economy, just as Marx and Ulysses Grant said it would in their societies. Those who own the means of production etc etc. Now what? Have I got this right?
The Chinese slave economy has, not surprisingly, outperformed the Western economies in clothing and toy production. It is also very efficient at turning out products which are designed and thought up in the West.
The West at first managed this slave economy and then began to depend on it. At last, for a few years, it went heavily into debt to it and now it is broke. All its money has flowed into the slave economy, just as Marx and Ulysses Grant said it would in their societies. Those who own the means of production etc etc.
Now what?

]]> By: Lola http://johnredwoodsdiary.com/2009/03/31/the-worlds-new-hedge-fund-managers-and-bankers-to-meet-in-london/#comment-13556 Lola Tue, 31 Mar 2009 14:34:02 +0000 http://www.johnredwoodsdiary.com/?p=3282#comment-13556 Obama and Brown want to run banks? They couldn't run a whelk stall at a profit between them. Obama and Brown want to run banks? They couldn’t run a whelk stall at a profit between them.

]]>