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Countdown to €/£ parity | 102 comments (102 topical, editorial, 0 hidden)
Re: Countdown to €/£ parity (4.00 / 9)
Just for fun...

Migeru: Blogging the Liberal Democrat Conference: Day One by Migeru September 16th, 2007

The Euro was barely mentioned, but there was an intervention by someone from "The City" which I'll report here. He started out with the claim that London is subsidising the rest of the UK through its tax revenues which, as we know (ahem), are due mostly to London's position at the centre of the world's capital markets. He mentioned that the Euro Zone is taking over from the US as a global standard-setter in finance, and that this is driving international banks to establish offices in London, which (see above) is good for the UK economy. So the Euro is good for Britain because of that. But, of course, that doesn't mean that the UK should trade the Pound for the Euro. And here's where I really felt like slapping the guy to wake him up: he said there wouldn't be a case for the UK joining the Euro Zone unless and until there's some serious economic crisis which is not what "the current hiccup" is.
I'm sure that guy still has his job in The City while I have lost mine... There is no justice in the world...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Thu Dec 11th, 2008 at 03:39:30 PM EST
Re: Countdown to €/£ parity (4.00 / 2)
Sorry to hear you lost your job.  I presume it was a "last in, first out" situation. I wondered where you'd been.  As I have argued elsewhere (with Jerome) being right too early doesn't really help you in (bureaucratic) business.  (It can help you as an entrepreneur).  Even Obama is appointing Summers rather than Stiglitz. The alacrity with which the neo-libs have become neo-Keynesians also seems to have disconcerted the Germans.  Career management is about re-inventing your brand to suit changed circumstances.  The most successful are also the most shameless.  Principles tend to get in the way.  I hope you find something else soon - perhaps start your own consultancy - how about one specialising in "surviving disaster Capitalism"?

notes from no w here
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Dec 11th, 2008 at 03:55:40 PM EST
[ Parent ]
Re: Countdown to €/£ parity (none / 1)
Bah, it's been over two months.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Thu Dec 11th, 2008 at 04:08:32 PM EST
[ Parent ]
Meme alert! (4.00 / 10)

The alacrity with which the neo-libs have become neo-Keynesians

They are no more "neo-keynesians" that the Pauslon bailout of friends was "socialism." We are storign up trouble if we let them steal more words while they still do the same as before: pile in debt on all of us to help a few.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Dec 12th, 2008 at 03:44:03 AM EST
[ Parent ]
Re: Meme alert! (4.00 / 4)
Entirely agree, they will steal every word, every idea in the book - one of their techniques is ideological chaos.

(But if y'all want to take on debt to help me, I don't mind... ;))

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Dec 12th, 2008 at 05:05:47 AM EST
[ Parent ]

Countdown to €/£ parity | 102 comments (102 topical, 0 editorial, 0 hidden)
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