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TOTTENHAM COURT ROAD — They’re all in a mess today. Citigroup was once my poster-child for what a global business could be. Now they’re borrowing more than the GDP of Oman. Standard Chartered has long been a favourite because they bank neatly in places that need neat banking – India, [...] TCR — What a grim morning. I have taken to looking at both the global markets (FTSE, DJI and NIKKEI) and the Cambridge light meter. Recently both have been equally bad. Diving and falling short from day to day. Admittedly the over-night stock market news has [...] PICCADILLY — There’s Barclays Bank taking a beating today about investment from Abu Dhabi. The twin US presidents said to be squabbling over a deal to save General Motors. There’s the on-going HBoS and [...] WINDSOR — GM, the papers say today, spent $6.9B in the third quarter of this year. Of course it did. This year General Motors celebrate their 100th anniversary. They say they will be bankrupt in a few short months. The unfortunate truth of modern America is is you have no credit, you can’t get no car. It’s a serious thing. [...] Squatters in Mayfair. Circa now. LONDON — In many ways it has been a depressing old autumn. In others you think we get ourselves into these messes. And you wonder why we do that. Earlier this week there was a column in the Times that caught my attention. ST JAMES CAFE — I recognise that this probably changes everything. Well, not everything. But the shape of business at least. The credit crunch… the recession of 2008… the banking crisis… we don’t know what to call it yet. It’s messy. It’s far ranging. It will be difficult. I heard someone on TV last night comparing it [...] KNIGHTSBRIDGE — There’s film on TV tonight called Hamburger Hill. It’s a Vietnam War film and I remember when it came out. I was dying to see it then. But there is less than 0% chance that I will watch it now. Films match the mood of the times. And Vietnam films were rolling [...] |
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