615 days ago
783 days ago
I start with the industrial scale economic illiteracy of today’s budget. It is non sensical and inequitable. Then onto one Tory, Andrew Bell, and Red Rock Resources (RRR). Enough is enough. Then onto Deepverge (DVRG), nanosynth (NNN) and the soon to IPO Streak Gaming, the latest bastard offspring of Bixby and Edwards and one to avoid like the plague.
787 days ago
In this podcast, I reflect on the Kwasi Kwarteng, Liz Truss mini budget. I am amazed and how badly the right wing commentariat has called it for it was mean and unjust and economically illiterate. It is not what Mrs Thatcher would have done and was a betrayal of her brand of conservatism and of the poor, working and middle classes too. It was just awful at every level and should form the basis of an electoral rout for the Tories in two years which will be fully deserved.
1356 days ago
What a delightful day it was. I had great fun on family researches as you can read HERE and then watched the asbestos removal men start to do the work. Then it was bonfire time as our accountant and I worked on filing our accounts with an efficiency for which we are not noted. In the podcast I discuss public/private company filings and then Rishi Sunak’s Budget, the threats and a big mistake I fear he will make.
1592 days ago
It seems as if the Mainstream Media and political classes see chancellor Sunak as a genius. I disagree. Just a couple of questions about yesterday’s budget. First up from Nigel Somerville a question for me:
2554 days ago
Each time you have a new chancellor you soon find yourself thinking that the one before who, hitherto you had viewed as the biggest poltroon ever to hold up a red box, was in fact a towering genius. Thus I am beginning to think that Osborne - who was utterly hopeless was a giant compared to Hammond. On how to try to buy the votes of young people with taxpayers cash yesterday he was awful. His thinking about the housing market is wrong from start to finish.
2810 days ago
I start with the tale of Concha (CHA) and Ve Interactive from earlier - see HERE. What does that tell us about bubbles, especially in tech. Watch out for similar catastrophes at companies such as Allied Minds (ALM) and FastForward (FFWD). I then move onto the Budget and Chancellor Hammond's betrayal of the self employed which gives a lie to the idea that this Government wants to reach out to those Just About Managing and to those who are prepared to risk all to do what this country needs and become an entrepreneur.
2814 days ago
In the budget yesterday, hopeless Chancellor Hammond stated that he did not expect to be running a balanced budget until 2025 - his even more hopeless predecessor had - without much justification - predicted he'd be in balance a few years earlier. Channel 4 Fake New seized on this as a statement that the wicked Tories planned eight more years of austerity. Time and time again this mantra was repeated without challenge. It is, of course, just a fake news invention.
3168 days ago
The resignation of Iain Duncan Smith has forced those on the left and followers of David Cameron and George Osborne to twist logic and engage in smears to try to counter the former minister. But IDS is 100% right about how and why welfare needs reform. His analysis of what was a mean spirited and nasty budget last week and of the flaws in Chancellor Osborne's budget is simply correct. Why the hell should those in the top 11% of earners get tax breaks paid for by the handicapped today and by our kids inheriting even more Government debt tomorrow?
3168 days ago
I start with two matters from yesterday's Budget which I neglected to mention in my otherwise excellent post Budget podcast HERE. The I move not to Sirius Minerals (SXX), which I shall cover in a seperate article elsewhere following a chat with Chris Frazer which left me quite impressed, but to Sirius Petroleum (SRSP) which is a dog with fleas and whose placing today stinks. Then it is onto Wandisco (WAND), Gulf Keystone (GKP) - where are my fucking apologies from the morons? - Audioboom (BOOM), Challenger Acquisitions (CHAL) and the uber perma dog Sareum (SAR) before I engage in a lengthy discussion on Fitbug (FITB) another perma dog.
3172 days ago
In this bonus podcast I discuss all aspects of today's UK Budget from Chancellor George Osborne. It was an intensely political budget from Mr Osborne but not one I believe in very much. I failed to mention the lifetime ISA that lets help young people overpay for housing gimmick. It will not address the real issue that is asset inflation, instead it may fuel what is a bubble that bit longer.
3172 days ago
I am beginning to think that C4 News is targetted at those crazy folks out there who think that the BBC is a right wing monster controlled by the Tory party. You have to be pretty flaky to hold such a world view but C4 was always out there trying to reach out to minorities. And I guess paranoid Marxist fruitcakes are - across the Nation - a minority though on most liberal arts university campuses they are a dominant majority.
Sometimes C4 News pretends to be impartial. Sometimes it lets its prejudices slip in. And at other times it is just up front and unfair. The fun is in spotting what game it is playing with each report.
In reporting on what today's UK Budget would have in store we got a sneak preview from Business Correspondent Helia Ebrahimi. Being a business correspondent on the BBC or C4 is a tough gig in that you must report on a system that you fundamentally disagree with, you have to be polite to a load of frigging evil capitalists and, worse still, totally innately evil Tories. But Helia is up to the challenge.
And thus
3175 days ago
In this pre budget podcast I look at likely tax breaks for the North Sea and who to short after the Chancellor pisses taxpayer cash away on that, I look at the budget in general and why Osborne is a failure and then I discuss smoking and taxes on smokers which are wrong at all levels - why not a todger tax on gay bathhouses instead? I warn you that this podcast uses some colourful language. Please if you listen on itunes give it a 5* rating in response.
3424 days ago
This has been delayed by certain IT issues here in the Hellenic Republic. I start the podcast on Greece then onto China and finally to chancellor George Osborne and his budget - the guy is a prize twat. At a company level I look at Azonto Petroleum, Monitise ( TSOA wins again!), Red Rock Resources and the fraud Jiasen.
And fear not Champagne Charlie Gibson fans, I had not forgotten about you. Just a reminder of why the Edison analyst is a convicted felon HERE and as a bonus a reminder of how it is not only the poor he screws HERE - and a reminder of why I feel the urge to remind you all HERE
