Dog in the Night

The ‘dog in the night’ is, conceptually, the contra of the canary in the coalmine. In the early twentieth century, when coal was still king, miners used to take a canary down the shaft and use it as a live and primitive early-warning system. Canaries are highly sensitive to dangerous gases which might be odourless for humans, so if the […]

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Assymetrical

All those people, mostly Jews, obsessed by the double standards supposedly employed by the media, can add another item to their list. It’s not actually new, but recent events have served to highlight it to a degree perhaps unprecedented. I refer to the way big moves in equity markets are reported. When markets fall by an unusually large amount in […]

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Giddy Swings

Rarely can a long weekend have been so welcome to so many people as this Easter weekend surely is to everyone involved in the financial markets. The last week has been exceptionally nerve-racking even from the point of view of bystanders, let alone that of participants — from the extraordinary events of last Thursday, through the save-Bear-Stearns weekend and the […]

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Awesome

This is not – cannot be – a normal column. It is being written on a day, during a week, in a month, that are all the furthest removed from normality in the global financial system, that anyone has seen since…well, probably since the global financial system imploded in 1931, leading to you-know-what. It is especially difficult to convey the […]

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