Monday, April 30, 2012

A Radical Fix

Fixer © fintag

News comments:
Political correctness and the status quo are getting in the way of sorting out the dire economics of Europe.

Ever the one for ranting, today it is time for fixes:

1. Ban all goods and services from China

2. Force all unemployed people > 1 year into National Service / Community Service

3. Reduce tier 1 capital for banks to 5% and force banks to recapitalise through rights issues

4. Banks must not have more than 10% of their market (however defined)

5. Greece, Spain, Portugal and Italy to follow Iceland by abandoning Land Rovers

6. Discourage people from living beyond 55

Today's shorts:
Madoff advisers make most (bloomberg)

Today's longs:
Iceland (Greece take note) (reuters)

Spain to give workers minority rights.