March 2009
6 posts
1 tag
So why didn't they do this for Northern Rock?
I never understood the Northern Rock rescue. Supposedly we (the taxpayer) had to secure Northern Rocks future to prevent a run on other financial institutions.
It never made sense; all the government needed to do was guarantee the deposits (Lenders don’t care if the society fails). That was the only message anyone needed to prevent a run.
And that is what they have now done with...
Where to put your money? (if you have any)
So, if you’re lucky enough to be sitting on cash, where should you invest it?
Savings account? No, interest rate too low.
Bonds? Err too high risk and rates too low (unless you were already holding mature debt).
Equity? Possibly but it’s a long term bet with plenty of risk attached.
Commodities? Err.. no, I think that would be a straight forward bet.
So I think Venture Capital is...
In Praise of Inflation
I was surprised today, by economists surprise at a rise in UK inflation. Devaluation causes temporary inflation as the prices of imported goods rise and buyers take time to adjust their purchase habits.
That got me thinking: what we really need is a good bout of inflation: Inflation destroys debt. In the 1980’s, my parents had several horrible years living with high interests that were...
what happened to google maps?
I used to love google maps. But it’s terrible now. You enter an address and the bubble in the middle is rendered under the controls so that you cant close the bubble. And dragging, which worked effortlessly before, now requires some action because I keep rescaling the map accidentally.
It’s a great example of how to muller a nice UI.
Wow CloudCamp was boring last night. What a disappointment.
Looking forward to CloudCamp tonight