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Can a billion people be wrong?

During the last year, we’ve all enjoyed the rise of social media and social networking, with many of us now happily Twittering, Facebooking, Beboing, StudiVZing, MySpacing, Cyworlding, Mixiing, QQing or whatever takes your fancy. In fact, the numbers are quite incredible. Considering most of these …

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Can a billion people be wrong?

During the last year, we’ve all enjoyed the rise of social media and social networking, with many of us now happily Twittering, Facebooking, Beboing, StudiVZing, MySpacing, Cyworlding, Mixiing, QQing or whatever takes your fancy. In fact, the numbers are quite incredible. Considering most of these …

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Freddie, Fannie, Johnny and Sam

Over the weekend were the frightening reports of  the American mortgage industry facing collapse, as IndyMac moved into administration, followed by the departure of shareholders from Freddie Mac and Fannie Mae faster than rats from a sinking ship.  Freddie and Fannie’s share price was down …

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The Paranoid Banker

I was amused to hear the comment this week that bankers aren’t paranoid enough. The comment was made in the context that bankers do not believe things change very fast, so why should they be concerned about change? The markets move in their own time, …

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The Stressed Banker

The news was so bad in the papers yesterday about mortgages, credit crunch, banking and retailing, that I was about to stop reading when I turned the page and found slightly better news. Headlined “Is that a crunch in your pocket”, the story is all …

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The Stressed Banker

The news was so bad in the papers yesterday about mortgages, credit crunch, banking and retailing, that I was about to stop reading when I turned the page and found slightly better news. Headlined “Is that a crunch in your pocket”, the story is all …

Read More »