These are my links for January 22nd:
- FTSE falls - graph - I've long felt the stock market seriosuly over-valued and have been right out of it. It's taken a long time for it to agree, so I admit I got my timing wrong. But the graph tells it all, and it will gte worse.
- BBC NEWS | Robert Peston - If it looks like panic at the Fed, smells like panic at the Fed, and quacks like panic at the Fed, well many will say it is panic at the Fed.
- TaxProf Blog: Martin Luther King, Jr. and Tax - Sobering stuff. This really is tax abuse at its most naked. And shows once and for all that the application of tax law involves moral conviction - or in this case, immoral conviction.
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[…] a lot of what I might politely call guff being written today about the stock market fall on Monday being the sole fault of the rogue trader at Societe General of whom I wrote […]
What a wonderfully uplifting story about Martin Luther King Jr. It will restore any doubter’s faith in humanity.