Lex – who is being stuffed?

Lex writes about the proposed Lloyds capital raising –  the world’s largest – but misses the opportunity for deserved excoriating criticism on behalf of the poor bloody individuals who are the being plucked and stuffed by the fund managers gifting  their savings. Here is a quote from yesterday’s “HM Treasury – Government Announcement on Banks. [...]

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Lex it’s the capital stupid!

Lex writes today about ‘Executive compensation’.   But ‘Executive compensation’ is to income, what Harry Potter is to literature. Traditionally and in most people’s minds, income is earned from employment to fund current consumption, though some may be deferred (savings). Anyone fortunate enough to have experienced a steady ascent from average income to say, ten times average income, [...]

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Is Lex a lawyer?

Expressing an opinion can be risky, events may prove you wrong.  However. this can be avoided if you include most of the available opinion options in a commentary. Welcome to the “no comment” commentary or:  “We might not always be right, but we are never wrong” Here is my commentary on today’s Lex piece on Baidu. I [...]

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The inflated elephant in Lex’s room

I do not believe there is an active conspiracy, but I do think that the collective power of the large and amorphous city establishment (this includes the Financial Times), consciously and unconsciously limits the agenda for discussion, to one which is survival friendly for the tribe. The FT depends upon financial advertising and as a consequence, [...]

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The disenfranchisement of capital – how the city stole your vote

In the UK people struggled for centuries to achieve universal suffrage in 1918. The right to vote for all is a key component of democracy. In the UK today, the right to vote to elect MPs is barely relevant. The main party’s preoccupations have become fossilised arguments about relatively trivial changes in the funding of public services [...]

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