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 …

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When is a Recession Not a Recession?
November 4, 2008 – 11:58 am | 3 Comments
When is a Recession Not a Recession?

How we define a recession assumes relevance when we are heading for what looks like a depression.
Three years ago they laughed when I forecast a depression. Economists were emphatic: governments had learnt the lessons. By …

Gordon Brown: The Cover Up Exposed
October 29, 2008 – 8:21 am | 5 Comments
Gordon Brown: The Cover Up Exposed

Gordon Brown is orchestrating a Big Lie. He wants to hoodwink people into thinking that he is not responsible for what the Governor of the Bank of England now admits will be a “prolonged” crisis. …

Greenspan… mea culpa… almost!
October 24, 2008 – 2:50 pm | 2 Comments
Greenspan… mea culpa… almost!

For 18 years, investors hung on his every word. As Chairman of the US Federal Reserve, Alan Greenspan could move markets. A slight inflection of the voice, a hint of this or that, and the …

Daring Duo now rescue the real economy!
October 20, 2008 – 9:56 am | 4 Comments
Daring Duo now rescue the real economy!

Fresh from their heroics as saviours of the West’s banks, the Daring Duo are making a bid for another accolade – the Brits who saved the global economy.
Prime Minister Gordon Brown says he will tell …

$45 trillion : The Great Wealth Wipe out
October 10, 2008 – 8:01 am | 2 Comments
$45 trillion : The Great Wealth Wipe out

At least $45 trillion will now be wiped off people’s wealth and trigger a decade-long depression.
Fred Harrison released his forecast during a Press conference at the Foreign Press Association, London. His estimate is based on …

Tough Talkers Head for the Hills
October 6, 2008 – 3:30 pm | 3 Comments
Tough Talkers Head for the Hills

Now that the West’s banks are bailed out, the cupboard is bare and the politicians are running for cover. The consequences for the rest of us are horrendous. Now the real trouble starts.
Following the financial …

Camels, Needles and Playing FTSE with the Devil
October 1, 2008 – 2:56 pm | One Comment
Camels, Needles and Playing FTSE with the Devil

When Rowan Williams and Dr John Sentamu attacked the plutocrats the story ripped around the world.
The Archbishop of Canterbury quoted Karl Marks, and The Archbishop of York condemned the ‘bank robbers’. The archetypal story ticked …

Gordon’s the Short Seller
September 25, 2008 – 11:53 am | No Comment
Gordon’s the Short Seller

Gordon Brown is the real villain, not his scapegoat: the short sellers. These traders sell shares they do not own, hoping to pocket a profit. This is now blamed for destabilising the banks, and the …

Arise Dame Rowling
September 23, 2008 – 11:02 am | 3 Comments
Arise Dame Rowling

The night Joanne Rowling is included in the new years honours list the champagne socialism will flow. Isn’t it fitting that the country’s best selling author found her audience whist Great Britain was run by …

Back to State Socialism
September 22, 2008 – 1:55 pm | One Comment
Back to State Socialism

Out with the old world, in with the new. Laws are now being sanctioned in the US to transform the market economy into a perverse form of state socialism, in which taxpayers will bear the …

Gordon Brown’s Toxic Tongue
September 19, 2008 – 11:22 am | 5 Comments
Gordon Brown’s Toxic Tongue

To call the Prime Minister a liar is unedifying. And yet, what am I to do when faced with Gordon Brown’s claim that he is going to “clean up the financial system”?
He threatens to deal …