March 2013

Wall of Liquidity

22 March 2013

Once again a misconception is gaining currency. There is increased talk of a build up of cash just waiting to be converted into equities or other assets. I wrote about this years ago in cash on the sidelines, but apparently the financial commentariat did not read the post, so it is time to revisit the […]

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Cypriot sovereignty surrendered

18 March 2013

Here is a rant about events in Cyprus. Normal dispassionate service will resume here at the Mule in the next post. Over the weekend, the European crisis took a sickening new twist in Cyprus. The government of Cyprus announced a “levy” on Cypriot depositors as part of a deal to secure a bailout of its […]

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Account Keeping

5 March 2013

I have been digging through some family archives and came across an old bank passbook belonging to my great grandfather, William Booth. He lived in Perthville in the central west of NSW. His account was with the Bank of New South Wales, Bathurst branch. Pasted inside the front cover is a statement of the account […]

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