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Screaming and Shouting

Banking, computers and perpetual crisis

… and go to Vegas: a joke about financial planning

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I recently saw a news item about a family whose elder members have sold up everything to make a big bet on bitcoin. While I applaud their daring, I am less certain of their wisdom. It reminded me of one of my favourite jokes – a joke that I always think of whenever I make decisions with my own money.

Here it is.

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Jamie’s bitcoin bother

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Bank CEOs –  although the few I have met personally have all been delightful – are not normally noted for the bitingly controversial nature of their public statements.   Anodyne CEO sentiments about ‘tactical downsizing’ or ‘seizing new growth opportunities in China’ are par for the course. Coruscating attacks less so.

So it was refreshing to see that Jamie Dimon of JP Morgan has not held back in his opinion of bitcoin.

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Paying for extreme weather: Big Oil and Big Legal

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Over my toast and marmite this morning, listening to the radio, I heard reports of the devastation caused by hurricane Irma (taking over after a few weeks from its older brother Harvey).  Then an Oxford Professor called Myles R Allen came on and announced new research that can – via climate science – pin the blame on specific companies

To quote the Kaiser Chiefs: I predict a riot.

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Next Crisis Cup: Runners and Riders

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With the newspapers full of articles describing the onset of the Great Financial Crisis ten years ago (a few weeks late in my view), I’ve also started to see articles speculating on what will cause the next one.

So, for your guide and entertainment in this, the tedious heart of summer, I present the runners and riders along with some helpful odds.
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Ten years since The Top

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There will be lots of articles this summer and autumn about the start of the Great Financial Crisis ten years ago.  But when did it actually kick off?  What was the precise date? In my view, it was ten years ago today: July 12th, 2007.

My reason for choosing this particular date?  The Rolling Stones, downgrades and CVIX.

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Cladding and Crisis

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This is a post about fire and regulation. But don’t worry finance fans, I get on to money and crisis eventually. The parallels between fire and finance are rather striking. Disturbing, too.

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Suffering from Qatar: recapitalising banks

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Even in a week when there are plenty of other stories (poorly executed terrorism, Brexit negotiations, scandalously flammable buildings, hung parliaments) the news that four Barclays executives are being charged with fraud has made the front pages today.

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Safety Limits: Traffic and Terrorism

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This post starts with a speeding fine and ends with a famous quote from Benjamin Franklin. In the middle there’s some stuff about terrorism where you might agree with me.   Alternatively, I might very well piss you right off.

You have been warned.

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Robin Hood and the Golden Goose

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There’s an election coming up in the UK, as those of us who live here will no doubt have noticed. I’ve even stooped to mentioning it in this blog. My aim is not to be party political in these posts, but, given my blog’s emphasis on finance, there is one policy that I think I can comment on.

We need to talk about the Robin Hood tax.
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Pics’n’Vix

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If you read this blog you’ll know that I’m interested in finance. But I’m also a bit of an art fan. A couple of headlines in the last week or so have made me think of the two subjects together.

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Need a quote in Florin/Groat: medieval FX and interest rates

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A new paper shines a light on medieval finance.

Conclusion?  It operated in ways that are very familiar.

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Theresa’s American option

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Before I retired I was an option trader for 24 years. Unfortunately it makes me think about the world in a slightly cockeyed way: it always gives me innocent delight to see people behaving in a way that is in line with option theory.

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LIBOR lowballing – the story’s snowballing

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As the BBC dig up new evidence, we haven’t seen the end of the LIBOR story.

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Bull Bias Behaviour

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Daniel Drew, 1797-1879: ‘He who sells what isn’t his’n, must buy it back or go to pris’n’

Hearing odd things about finance very rarely surprises me any more, but today I was told something that did take me aback and which might, I think, have some bearing on the behaviour of markets.

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I am happy, hope you’re happy too: Happiness and economics

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The measurement of happiness has become vogue in economics and public policy.  But is there any real use to it, or is it just a gimmick?

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Dealers, dollars and duration

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How should bankers be paid? If you’re returning to this blog you’ll know that I’ve written about this before at some length. But this time I don’t mean how much – but with what?   It’s a question that often gets glossed over.

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Royalty: a modest proposal

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It’s not all computers and finance and suchlike technical talk in the Rodgers household.  A recent debate around the dinner table about the monarchy reached a decent level of volume too.

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Le Pen et Les Vols

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I’ve always liked the occasional bet. This is a facet of my personality that I suppose came in useful in the old days when my day job was risking money, or managing people who were risking money.  Thinking like a trader is a hard habit to break and my thoughts have recently been turning to the French election.

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Something for the weekend

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Enjoying a weekend off?

Let’s hope it stays that way.

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Cable Flash Crash? Shit happens, says BIS

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The BIS have just had a crack at telling us what caused the Cable flash crash.

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