About Paul Tustain
Paul Tustain is a contributor to the Daily Reckoning Australia.
All entries by Paul Tustain
Investment Landfill, Revisited
Sep 18th, 2008 | By Paul Tustain | Category: Politics & EconomicsDo you remember Lloyds of London? It used to be the world’s biggest insurance underwriter. The way it worked was that rich individuals were allowed to keep all their money invested in their favorite stocks and shares, but they could also earn a second income from those assets by pledging that same wealth to underwrite commercial insurance risks, which were sliced and diced by syndicates on behalf of their members.
The Death of a Financial System
Apr 4th, 2008 | By Paul Tustain | Category: Politics & Economics“…Just like natural organisms, the financial system must have death to evolve into a better form…” Now that he’s wearing some sort of do-good government hat, even Hank Paulson is not thinking straight.
The Market Works Better Without Rescues
Apr 2nd, 2008 | By Paul Tustain | Category: Politics & EconomicsNow that he’s wearing some sort of do-good government hat, even Hank Paulson is not thinking straight. Regulate in New York and finance goes to Toronto. Regulate in London, it goes to Frankfurt or Paris – and since Toronto, Frankfurt and Paris are run by the same nervous bureaucrat-types, we can reckon soon enough that the entire financial markets will be hosted out of Singapore and Shanghai.