Category Archives: Economics

99%

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Yes.No.Yes.

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The Limping Middle Class

Excellent New York Times article by Robert B. Reich. Premise: 37% of all consumer spending is by the wealthiest 5% of Americans, this caused by an increasing wage inequality since 1980. Unless this inequality is reversed (as it was between … Continue reading

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“People deserve the government they get” – H.L. Mencken

  The Washington Post asked its readers for a one word thought on the Debt Ceiling debate and then put it into a word cloud.   Idiots elected by idiots

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Obama needs a Michael Douglas moment…

He needs to come up with a speech as good as Michael Douglas’s character’s in “The American President” Something like this. My fellow Americans The issue at the heart of the debt limit discussion is as simple as this: If … Continue reading

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The same old greasy number….

So you all thought that rip-off banks were restricted to the USA and the rest of the world was (relatively) squeaky clean? Think again. The ANZ bank in New Zealand recently wrote to mortgage customers who are paying off their … Continue reading

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Mind the gap…

I get the feeling that my bank manager would have had a quiet word with me in 1975 and given me a severe bollocking in 1978. By 1983, I would have been bankrupt. Unless I could have found gullible people … Continue reading

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We don’t know how lucky we are

I stumbled over this 1966 German tourist guide to Yugoslavia the other day. Don’t let anyone tell you that flying wasn’t a luxury back then. Based on an gross annual income of DM9893, you would have needed to work close … Continue reading

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>This, I got wrong.

> One in seven jobs in Germany is some way – directly or indirectly – linked to the car industry. As they say: If BMW gets a sniffle, Bavaria gets the flu”. The German government – as part of a … Continue reading

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>Bionade Economics

>Bionade is the soft drink equivalent of the garage band made good. Here’s the story. The Peter Brewery in a 4000 soul town in Bavaria was on the verge of bankruptcy in the late 1980s. The company’s Master Brewer and … Continue reading

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