Today, Thursday 17th May 2012, money is, apparently,  flowing out of Greece.  It has been for a while anyway, as those who can shift their wealth flee to safer havens.  Greece may not be in the Euro by the weekend.  Our banks may not survive if that happens.  How did we come to be in such a parlous position?

Published in Comment & reviews
Tuesday, 10 May 2011 13:59

So just how big is a trillion ?

I'm planning to review some of the books about the banking crisis here.  One of the problems is that the numbers being bandied about are beyond the comprehension of ordinary mortals, perhaps even only understood by aliens  - which might tell us something about the cause of the crisis  (No, no.  Joke. Not Roswell.  Just don't even start.)

Here is my light hearted guide to those big numbers :

Published in Comment & reviews