Chris Skinner's blog

Shaping the future of finance

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Happy New Year and Bye Bye 2008

A final posting for 2008 … and I thought it would be interesting to look at the major market indexes. Now you may find this depressing, but it's not. Let me show you what I mean: America’s Dow Jones industrial average dropped by over a third (33.84% to be exact), the biggest fall since 1931,…

Who needs friends? I’m going to alienate everyone!

In the spirit of Toby Young's How to Lose Friends and Alienate People, Peter Kraus has just created a storm in New York after buying an apartment on Park Avenue for $37 million. $37 million! Not bad for a 5 bedroom apartment, including maid's quarters and gym, in the heart of New York. So who…

Park720

Who plans for rainy days?

Reading "Britain in 2009" by the Economic & Social Research Council pointed me to an interesting article entitled "Who plans for rainy days?" The article is from three researchers at the Universities of York and Bristol – David Abbott, Deborah Quilgars and Anwen Jones – who studied perceptions and attitudes towards money and financial planning…

What does Obama inherit … “bloody great deficits”

For those of you who are in a Firewall with massive constraints on what you can and cannot access on the internet, I apologise if you cannot play these two videos, but they are worth watching. First, there's an interesting commentary from Chris Patten, the Conservative Politician and Former Governor of Hong Kong who oversaw…

What do you call a roomful of economists?

There are loads of jokes about economists, with one of my favourites being: Question: What do you call a roomful of economists?Answer: A disagreement. Now I know I should be doing more interesting things during the holidays than talking about economics, but I just had lunch with a good friend where we ended up talking…

What do you call a roomful of economists?

There are loads of jokes about economists, with one of my favourites being: Question: What do you call a roomful of economists?Answer: A disagreement. Now I know I should be doing more interesting things during the holidays than talking about economics, but I just had lunch with a good friend where we ended up talking…

What do you call a roomful of economists?

There are loads of jokes about economists, with one of my favourites being: Question: What do you call a roomful of economists?Answer: A disagreement. Now I know I should be doing more interesting things during the holidays than talking about economics, but I just had lunch with a good friend where we ended up talking…

The most expensive ad ever made?

It's a recession and so what better time for an insurance firm to rename itself and spend £10 million ($15 million) on an advert.  Starring Bruce Willis, Dame Edna Everage, Ringo Starr, Elle Macpherson and Alice Cooper, the purpose of the ad is to announce that the 200-year old brand, Norwich Union, is now officially…

God versus Banks, Round 1?

In a hoo-ha that started just before Christmas, the Church has decided to wade into the debate about money and the war of words is escalating. It all started with the Pope speaking out against greed and the pursuit of profit in his address for World Peace Day.  In his statement appeared sentences such as:…

Casting_out_the_money_changers

God versus Banks, Round 1?

In a hoo-ha that started just before Christmas, the Church has decided to wade into the debate about money and the war of words is escalating. It all started with the Pope speaking out against greed and the pursuit of profit in his address for World Peace Day.  In his statement appeared sentences such as:…

Casting_out_the_money_changers