Author Archives: Clive

About Clive

Survivor of nearly 30 years in a TBTF bank. Also had the privilege of working in Japan, which was great, selling real estate, which was an experience bordering on the psychedelic.

Amazon Discovers the High Cost of Being Poor

Sometimes financial services industry mouthpieces inadvertently give the game away. When this happens – and a tame bank-friendly publication runs a story which aims to fulfil their role as boosters and palliatives for what outside their bubbles is an industry which is beyond redemption – the results are often amusing. If they try to brush the problems […]

Read more...

The Global War on Cash – Lessons from History

Introduction Regular readers will be fully up to speed on the Reserve Bank of India’s botched attempt at a handbrake turn style demonetisation thanks to Jerri-Lynn Scofield’s thorough coverage (see here, here and here for more background on this sorry tale). But the Indian government’s attempt at implementing a strategy of moving an economy away from physical cash […]

Read more...

Stumpf is Still Faking It – Claims 75% Couldn’t Resist Wells Fargo Credit Cards

In a not-exactly-shocking development of the ongoing Wells Fargo account faking scandal (see our previous coverage here, here and here if you’re late to the party and need a quick catch-up) CEO John Stumpf, fighting a rear-guard action, is making outlandish claims about how, having begun the process of ing customers who it has cause to […]

Read more...

Japan Isn’t Playing Neoliberalism’s Word Games

Has the progressive left in western democracies forgotten how to embrace the mainstream? When I compare the approach which anti-neoliberal causes take in the U.S. and Europe with the approach taken by the same causes in Asian countries, especially Japan, I can only say yes, it has. One explanation for how pro-labor movements have been […]

Read more...