There has been a bit of talk recently about abolishing the promotion and relegation system in the English Premier League, mainly coming from the Foreign owners of Premier League clubs. A couple of quotes from this article sum up the argument, which is really about investor certainty: a growing cartel of owners believe the Premier …
Category Archive: Euro/UK economics
Permanent link to this article: http://www.tvhe.co.nz/2011/10/19/banning-relegation-from-the-premier-league-more-investment-certainty-less-excitement/
Oct
06
2011
When times are tough, mess around
That is the Greek attitude it seems. They need to default, leave the Euro zone so that they can have their own currency (and the huge corresponding real wage cut). Surely it is obvious that the politicians, and the people, don’t have the will to actually sort out their problems. I want to know what …
Permanent link to this article: http://www.tvhe.co.nz/2011/10/06/when-times-are-tough-mess-around/
Oct
05
2011
Greek fact of the day
Via my boss: If Greece had a dollar for each time they were blamed for the global financial crisis, they’d be able to pay their bills I think this is worth keeping in mind. Although, if they could pay their bills there wouldn’t be a crisis. Then they wouldn’t be blamed for it. Then they …
Permanent link to this article: http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/
Sep
23
2011
Why I’m in a bad mood
Agnitio asked me what has been going on recently, as I was complaining its a mess. I emailed him my summary, so I thought I’d also put them down here: The ECB announced that its going to accept some things as collateral – but dump others. Leaving markets confused about what the hell was going …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/23/why-im-in-a-bad-mood/
Sep
23
2011
The EU needs to get its priorities straight
Seriously. These guys have been fluffing around for so long that the entire financial system is in a panic. So they decide its a good time to announce they are going to start taxing financial transactions – but they haven’t decided the level yet or the full scope yet. Is Europe’s motto, during times of …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/23/the-eu-needs-to-get-its-priorities-straight/
Sep
07
2011
Will the Swiss event start a series of competitive devaluations?
In so far as we believe monetary policy in most countries is “too tight” there could be a significant upside to the Swiss decision to set a minimum value on their Euro change rate – if currency intervention is copied by most other countries it will lead to a loosening in monetary conditions. Scott Sumner …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/07/will-the-swiss-event-start-a-series-of-competitive-devaluations/
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