The UK Budget 2010:
Tuesday, 30 March 2010 | 10:39 am
Darling’s budget is not only a mistake from an economic point of view, it is a strategic mistake politically. 1. Cut taxes. Sounds crazy but consider that labour and capital mobility has increased since the mid 80’s. A country is producing a product called Domicile, the price of which is Taxation. Today, demand for Domicile
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Taxation
Monday, 29 March 2010 | 3:10 am
Imagine you ran a business in an industry that is mildly competitive but not overly so. Your balance sheet is stretched, your debt service is stretched and your bond spreads have widened.
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How Not To Invest In Hedge Funds
Friday, 19 March 2010 | 3:15 pm
How Not To Invest In Hedge Funds: We all know what to look out for when contemplating a hedge fund investment. Independent administrators and independent valuation of assets and calculation of fund NAV. Independent prime broker, reputable auditors and legal counsel. Independent board of directors consisting of seasoned industry professionals Rigorous processes, documented and inculcated
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Taxation
Wednesday, 17 March 2010 | 9:30 am
Imagine you ran a business in an industry that is mildly competitive but not overly so. Your balance sheet is stretched, your debt service is stretched and your bond spreads have widened. Let’s assume that you are solvent and likely to remain a going concern. Also, capital markets are open to you so that default
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Capitalism is bad at fiscal and monetary policy
Monday, 15 March 2010 | 5:06 pm
Capitalism is bad at fiscal policy. Capitalism is also bad at monetary policy but that’s less apparent. You cannot hear a loud hum but you can hear a small bang.
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