The Renegade Economists' view on global events
The IU Global Conference
March 17, 2010 | 9:55 am | No Comment

The conference title says it all. And it won’t come as a surprise to those who know us when we say that the tax system is both a contributory cause and a potential solution to …

Read the full story »
Blog

Thoughts from the Renegade Economists

News

Links to current headlines

Video

Films and interviews

Podcasts

The Renegade Economist Broadcasts

Workshop

Our one-day workshop

News »

The Guardian: The mystery of Tony Blair’s finances
December 3, 2009 – 12:28 pm | 2 Comments

The Guardian: The mystery of Tony Blair’s finances

The former prime minister Tony Blair has received millions of pounds through an unusual mixture of commercial, charitable and religious income streams. Since he stepped down from office in 2007, his financial affairs have been described by observers as “Byzantine” and “opaque”. The Guardian is now launching an online competition offering a prize to the person who can shine the brightest light on those financial structures.

Blair has a commercial consultancy, called Tony Blair Associates, plus jobs advising a US bank and a Swiss insurer. He has a multimillion pound book deal. He also has a charity, the Tony Blair Africa Governance Initiative, and another called the Tony Blair Faith Foundation. But much of the income, which includes charitable donations from other sources, has been funnelled through a structure called Windrush Ventures No 3 Limited Partnership. Our contest asks: what is Windrush? Read the full story »

Popularity: 42% [?]

The Independent: Britain faces return to Victorian levels of poverty
November 30, 2009 – 6:32 pm | One Comment
The Independent: Britain faces return to Victorian levels of poverty

Labour’s strategy for tackling poverty has reached the end of the road and Britain risks a return to Victorian levels of inequality, according to a major two-year study seen by The Independent.

The Guardian: Cool the cutting fisticuffs – take a long, hard look at tax
November 24, 2009 – 6:20 pm | 4 Comments
The Guardian: Cool the cutting fisticuffs – take a long, hard look at tax

The leaders were still shadow-boxing at the Confederation of British Industry conference yesterday. In the red corner Gordon Brown thumped out his warning that “choking off recovery too soon would be fatal”. In the blue …

Times: Bank gave RBS and HBOS ’secret’ £62bn loan
November 24, 2009 – 1:44 pm | One Comment
Times: Bank gave RBS and HBOS ’secret’ £62bn loan

Royal Bank of Scotland (RBS) and HBOS were secretly kept afloat with £62 billion of emergency Government support at the height of the credit crisis last year, it was revealed today.
The Bank of England kept …

The Times: IMF warns second bailout would ‘threaten democracy’
November 24, 2009 – 12:28 pm | No Comment
The Times: IMF warns second bailout would ‘threaten democracy’

The public will not bail out the financial services sector for a second time if another global crisis blows up in four or five years time, the managing-director of the International Monetary Fund warned this …

The Globe: What Niall Ferguson thinks now
November 23, 2009 – 7:34 pm | One Comment
The Globe: What Niall Ferguson thinks now

Here is The Globe’s second interview with Niall Ferguson. He shares some interesting thoughts about destabilisation – both monetary and socially, and the road ahead.

Bloomberg: U.K. Housing Market May Not Recover Peak Until 2014
November 23, 2009 – 6:47 pm | One Comment

Thanks to Tony Beckworth for bringing this interesting article to our attention.   They simply can’t be right about 2010, can they…?!

Money Morning: Britain and its Near Death Economy
November 9, 2009 – 5:42 pm | 2 Comments
Money Morning: Britain and its Near Death Economy

Money Morning has described Britain as now being “actually insolvent” compared to being “technically insolvent” when it went begging to the International Monetary Fund (IMF) in 1976. 

Yahoo Finance: IMF sells 200 tonnes of gold to India
November 4, 2009 – 11:16 am | One Comment
Yahoo Finance: IMF sells 200 tonnes of gold to India

The International Monetary Fund announced Monday the sale of 200 tonnes of gold worth 6.7 billion dollars to India’s central bank to shore up IMF finances. 

Forbes Magazine: Ron Paul – Be Prepared for the Worst
November 2, 2009 – 12:59 pm | One Comment
Forbes Magazine: Ron Paul – Be Prepared for the Worst

In the segment ‘On My Mind’, Ron Paul discusses his thoughts on why large-scale government internvention in the economy is going to end badly.  The False Recovery is underway.

Telegraph: It is Japan we should be worrying about, not America
November 2, 2009 – 12:50 pm | No Comment
Telegraph: It is Japan we should be worrying about, not America

Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world’s second-largest economy has been able to borrow cheaply from a captive bond market, feeding its addiction to Keynesian deficit spending – …

Telegraph: This recession just became a depression
October 23, 2009 – 5:19 pm | No Comment
Telegraph: This recession just became a depression

Finally, the mainstream are catching up with what the Renegade Economist was saying back in October last year.  Before you read on, this is the press conference video worth watching again $45 Trillion Wealth Wipe …

Telegraph: Goldman Sachs vice-chairman says: ‘Learn to tolerate inequality’
October 22, 2009 – 10:14 am | One Comment
Telegraph: Goldman Sachs vice-chairman says: ‘Learn to tolerate inequality’

One of Goldman Sachs’s senior advisers in London has said that British taxpayers should “tolerate the inequality” stemming from the investment bank’s plans to dole out a record $22bn (£13.4bn) in pay and bonuses this …

Telegraph: Irish house prices to fall 45pc as debt spiral looms
October 20, 2009 – 4:52 pm | No Comment
Telegraph: Irish house prices to fall 45pc as debt spiral looms

Ambrose Evans-Pritchard reports on how Ireland is just halfway through its property slump and is likely to see house prices fall 45pc from peak to trough as austerity begins in earnest.

The Times: Government debt ‘nearly three times higher than official figure’
October 19, 2009 – 2:02 pm | One Comment
The Times: Government debt ‘nearly three times higher than official figure’

Employers yesterday called upon the Government to get to grips with its ballooning debts as a new study put the true size of the public sector’s net liabilities at £2,200 billion, almost three …

SMH: Girl power takes on selfishness
October 15, 2009 – 3:27 pm | No Comment
SMH: Girl power takes on selfishness

An article from Jessica Irivne from the SMH.  Ostrom’s work (recognised last week with a Nobel Prize) investigates how we all share the scare resources ‘the commons’ that earth provides for us all.  She rejects …

Telegraph: Britain has the worst quality of life in Europe
October 13, 2009 – 4:39 pm | 2 Comments
Telegraph: Britain has the worst quality of life in Europe

A lot of us have been feeling the pinch living here in the UK, and this study does not go anywhere to help us believe that “things are going to get better” anytime soon.  Share with …

FT: Goldman reaping $1bn on a CIT bankruptcy
October 7, 2009 – 5:20 pm | No Comment
FT: Goldman reaping $1bn on a CIT bankruptcy

And we think regulataion would prevent such deals to be structured in the future? 
Goldman Sachs stands to receive a payment of $1bn – while US taxpayers would lose $2.3bn – if embattled commercial lender …

Bloomberg: Fed Should Release Borrowers’ Names
October 7, 2009 – 2:52 pm | One Comment
Bloomberg: Fed Should Release Borrowers’ Names

The Federal Reserve should be forced to identify companies that received loans from the central bank because it can’t demonstrate that borrowers would be harmed by the disclosure, according to lawyers who won a Freedom …

SMH: Mummy bloggers spit the dummy over Nestle’s spoilt milk
October 7, 2009 – 2:46 pm | One Comment
SMH: Mummy bloggers spit the dummy over Nestle’s spoilt milk

This article from the SMH illustrates the current rise of the bull market in dissent. Now we just need to keep harnessing the people power…  
Hell hath no fury like a mummy blogger scorned – a …

SMH: Climate trumping needs of the poor
September 29, 2009 – 2:13 pm | 2 Comments
SMH: Climate trumping needs of the poor

“climate change and poverty are inextricably linked” – wise words from Hugh Jackman.  Copenhagen cannot work without an understanding of the inter-relationship with the economy and some debate if the western model is actually the best for developing countries. …