You Never Put An Investment Banker On The Board Of A Pension Fund!

In 2012 I wrote a post about the Cullen fund and the fact that a Merrill Lynch banker was on the first board of Guardians for a Sovereign Wealth fund which we know as the Cullen fund. It struck me as very suspect that a banker from a bank whose trading model was based on […]

Rotting stairs in Billionaire's row mansion London

So Why Does John Key Tell You There Is No Housing Crisis? Well, There Is No Crisis! Not For Him Anyway!

So to get back to Auckland and Christchurch and the hysterical house price rises ( I just checked but a solid stone 4 bedroom house with a nice garden in a quite burb in Holland ( a country so densely populated you could just about walk over heads to get from one city to the next) so close to all the amenities you could possibly need you could walk there still only costs about a quarter of what a wooden run down shack in Auckland costs and there are a million people in a waiting list for a home and they have to wait at least 20-30 years to get a small flat for themselves.


On Breadlines or How Bad It Really Is In The US Of A!

While over here in Kiwi land we still think that the global economy is going through a bit of a dip and she’ll be alright in a while even though milks prices are set to drop leaving a lot of over leveraged Kiwi farmers to face ruin here is the new reality in a pretty […]

The Euro is a Big Success – No Kidding

Greg Palast is I think the last of the real journalists. He is driven to find the truth and wears a hat. He is also jaded, cynical and tireless. If I wanted to be anyone other than myself he would be a great contender. Here is his take on the Euro: The idea that the […]