Beer and Derivatives … a perfect combo!
Another attempt to explain the financial crisis. The last ones were with birds and cows. This time it's beer-bellied drunks! John owns a bar and, in order to increase sales, decides to allow the most loyal customers – who are mainly unemployed drunks – to drink now but pay later. He keeps track of the…
Lookalikes in finance
A while ago, I remember seeing some folks who said that UK Chancellor Alastair Darling looked like Sam the Eagle: and Mervyn King, the Governor of the Bank of England, was a bit like Lance Corporal Jones from Dad's Army ("don't panic, Captain Darling"): Now I think that's really mean as it would be a…
Sorry sir, the dog ate my lunch money
Two statistical releases came out today that make an interesting story. First, children are "more savvy" about finances than their parents were, with the pocket money of kids tagged at £6.32 (about $10) weekly … seems a very exact number but it is an average. Not surprisingly children are very with it when it comes…
Is NatWest right to fire Tim?
The Independent posted a story on Sunday about poor old Tim Keirman, a decent and likeable chap who worked for NatWest as a cashier and, more recently, MoneySense advisor at their Cambridge branch. 34-year old Tim had been at the bank for over a decade, but was suddenly hauled in front of a disciplinary committee…
Is NatWest right to fire Tim?
The Independent posted a story on Sunday about poor old Tim Keirman, a decent and likeable chap who worked for NatWest as a cashier and, more recently, MoneySense advisor at their Cambridge branch. 34-year old Tim had been at the bank for over a decade, but was suddenly hauled in front of a disciplinary committee…