Something is in the air. Google spluttering in China; the almost dead Alex Hurricane Higgins causing grief in the Gulf; Spanish Banks having their oxygen cut off; Tesla to solve the world's problems; English Football players booed back home for being back home; Primark to hike up its prices; Left Handed people to be spared iPhone 4 fun; Steve Jobs to be replaced by some guy who went to Newcastle Poly; and Russia denies spying on itself.
But the strangest thing happening in London, apart from the boris-bicycle is the pay as you go car. I don't get them. I have modeled the finances and it doesn't stack up. A bit like delivering groceries. The fundamentals are all wrong and yet we all want a piece of Ocado (once Europe's biggest private equity white elephant and full of Goldman money hence why it is being offloaded under a fanfare of this is the best thing since slice bread: these are delivery vans. Where is the IP in that?).
Brevan Howard have modeled their tax payments and are moving to Geneva. Now that makes sense.
Banks Escape Tax (citywire)
Live in Greenwich And Work On Park Ave? Tax Here We Come (nymag)
Newcits by NT (icfa)
Ponzi Scheme Discovered (nytimes)
Bayou: Long Gone But Not Forgotten (hitc)
Cheap Debt = US Real Estate Boom. Here We Go Again (bloomberg)
Double Dip Ice Cream (cityam)
Cheap Debt, Low Supply and a Weak GBP Helps London Property Boom (independent)
Obama to be accused of putting spies in the Banks (oh, that is Google, of course)