I wish the public, press and politicians could grasp that we do not live in a perfect world. It is not possible to arrange matters so that no bad things happen. Indeed efforts to do so, often do more harm than good. Yes, the death of Baby P was horrific. But the person primarily responsible, […]
The TED spread has finally crept below 2%. So the commonly accepted metric for the banking crisis (in the USA) has now got back to normal levels.
That is the snag about metastable states. One always worries that they are in fact stable. Maybe all the worries about CDS etc were overblown? Or maybe […]
The headline on page 26 of the Sunday Times was “Footballers fall prey to fatal disease”.
Italy is investigating … a mysterious epidemic among former professional footballers, dozens of whom have been killed by a disease that paralyses its victims … A climate of fear and suspicion hangs over the stadiums
People are worrying about everything […]