Snippets from here and there – suggesting everything from obvious failure to global meltdown – pop up each day. You can start collecting the whole set here.
Manchester United’s cryogenically challenged owners the Glazer family are pressing ahead with their two-tier share offering in Asia, this being the only chance they have left of propping up their debt-laden affairs and keeping better Club owners at bay. Said a source close to the action of the launch, “Quite why anyone with any financial brain or value would want to invest in such an equity structure at an inflated valuation, I would have no idea.”
To which The Slog adds, “The only reason anyone with an IQ in double figures would launch an IPO now (given the certainty of global disaster) would have to be desperation”.
Crash 2 signs are now so ubiquitous, what we really need is a rolling feed of data. Here’s the latest:
The flight of money to central banks from other banks is now higher than it was immediately prior to the Lehman collapse // Yet another global stocks mini-rally has run out of steam // UK output fell again in August // US jobs growth, already pitiful, flatlined in August //European markets fell as news of German intransigence and a negotiating breakdown between Greece and the ‘troika’ sunk in….the troika is also arguing among itself // White House expects ‘persistently high US uemployment’ // Business leaders and finance experts gathering in Italy for another jolly for a symposium described themselves as ‘downbeat’ on the global economy.
Mad people are using the low mortgage rates in the US to increase their gearing. Bloomberg reports an 83% increase in this since February.
The Islamist regime in Turkey has expelled the Israeli ambassador after a UN report on the Gaza flotilla shared the blame for violence between Israeli forces and people on board the ‘peace’ flotilla. The UN report also concludes that Israel’s naval blockade of Gaza is legal – a move that has angered Turkey which, being unable to expel the UN, has expelled a Jew. These are the maniacs David Cameron wants in the EU.
The Guardian and Independent newspapers both reported yesterday that eviction of the Basildon ‘travellers’ would go ahead ‘despite there being small children and older people with health problems’ among the contingent. Basildon Council reported that they too have small children and older people with health problems in their midst too. But they’re not travellers, so they don’t count.




