Christine Lagarde came to London pushing her save the Euro agenda. I've got to hand it to George Osborne, he kept his cool when clearly he really can't stomach being lectured by a member of the failed 1% euro elite. Good for him.
The OECD followed Madame Lagarde by calling for more innovation ... i.e. jointly-guaranteed eurobonds. Democracy is clearly under siege. Who voted for this type of union? I know that to the elites it makes sense, but it needs to have the ascent of the people, not just of the politicians in Brussels and Strasbourg who continue to ride the largest gravy train in world history.
Moving on . . .
Now that J P Morgan has shelved its $15bn dollar buy-back we can concentrate on the real problem at hand and that's the banking crisis.
|Apparently Jamie Dimon is not worried about the ultimate size of his trading losses!|
I was listening to the "This Week in Tech" (TWIT) podcast as I walked back from the gym today. They were having a long discussion on the Facebook IPO. Adam Curry is the original podcaster and he took a company public in 1996 ... so he has form. Curry is no genius, but he's pretty sensible and his view is that Facebook will trade at 17 bucks! Listen to the podcast and contrast Curry with the uber-bull Robert Scobel who is also a doyen of tech gossip. I like Scobel and you can check out his blog here.
I managed to get to the gym today to work off the 7 course meal we had on Sunday night in Barolo. It feels funny to say it, but for once in Europe I thought I was getting great value. Our share of the bill came to 80 Euros and we were drinking a nice Barbera d'Alba from Pio Cesare (2 bottles) . For anyone going that way check out La Cantinetta - nice people.