Equity markets constantly surprise me. It’s looking increasingly likely that the Eurozone will disintegrate – leading to potential bank failures, stagnant economic growth and increased unemployment – and the equity markets here in Europe are pretty much shrugging it off today. The FTSE100 is up over half-a-percent at pixel time.
Here is a video showing how badly Detroit has been affected by the collapsing housing market. Towards the end of the video you can see some amazing mansions in the worst-hit areas of Detroit that you can supposedly buy at a massive discount.
This past week has been facinating in the financial markets. After a long slide downwards, the markets tumbled at the beginning of the week, and now they are bouncing back upwards. Initially the market dive looked like it was triggered by worries over the problems with the Monoline Insurers. The Fed responded by cutting interest [...]
I heard the sound of sirens, so went to our balcony to see what was happening. There were fire trucks and police and a bank of red buses queued up. It all seemed to be centered a couple of blocks from our apartment. Helen and I walked down the street and I snapped a couple [...]
Another day older today. Helen made me breakfast – sausages, bacon, mushrooms – which we ate on the balcony overlooking Oxford Street. I have been having a completely self-indugent day, watching DVDs and playing on my notebook. Almost too lazy to post a blog entry! I figure I’ll type something up to mark the day. [...]