Credit Crisis Archives - Page 11 of 11 - Emile Woolf writes

Where have all the losses gone? There are no corresponding gains!

I have always assumed that gains and losses balance out in the big picture, assuming the lapse of sufficient time.  If I sell an investment for less than I paid I incur a quantifiable loss.  This does not mean that whoever buys it will make a profit since he too may sell for less than […]

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Bank lending scandal: sorting fact from fiction

The lending spree is over.  It will be a while before credit and risk are re-acquainted.  It is symptomatic of the latest squeeze that virtually every rule of sound banking was ignored. If, in the 1990s, conventional risk assessment dictated that mortgages should not exceed either 90 per cent of the property’s value or a […]

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Over-taxed & over-regulated – that’s the reality, whatever they say

Few would disagree that UK business is both overtaxed and over-regulated.  Those at the sharp end know this, despite all the efforts of official statisticians and bureaucrats to tell us otherwise. The Treasury would have it that Britain is becoming more competitive and overtaking rival economies, whereas the CBI argues that higher taxes and obsessive […]

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