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Showing posts from November, 2011

Heresy in the shadow of the City: Max Keiser sacrifices the sacred cows of finance

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London banks were on high alert last week as Max Keiser – the dark lord of financial hellraising – arrived in London to do what he does best: Sacrifice the sacred cows of finance orthodoxy. It’s fitting that he chose to do so in a pub down an alley in London Bridge – The south bank has long been a place of covert speakeasies where villains, pirates and heretics might slag off the king and preach rebellion among the drunken rabble. The event was a fundraiser in aid of   Resonance FM , London's alternative arts radio station.  Needless to say, it was awesome, and yes, I was drunken rabble. DARK LORD RAP: MAX RAGES AGAINST THE MACHINE Max Keiser is in intriguing guy. I don’t claim to know his background in any depth, but the quoted back story says he was 1) initially a stockbroker, 2) then an entrepreneur that started the Hollywood Stock Exchange , (a platform for buying and selling film rights, later sold to the huge brokerage Cantor Fitzgerald) and 3) an entertainer that ...

Financial Psychogeography: Suitpossum joins forces with CurioCity London

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It’s a pleasure to announce that I will be syndicating out blog-posts to the website of the great new London-focused magazine CurioCity . CurioCity was started by Matthew Lloyd and Henry Elliot in early 2010, originally as an informal handmade pamphlet to distribute to friends and family. Back then, a group of us wrote articles and put together the first issue in Henry’s lounge in Kennington. It’s come a long way since then, and the first professionally printed version is now being stocked in iconic London outlets such as Foyles and Rough Trade . The website has now been set up to provide a regular flow of high quality pieces centered on London, suggesting ideas for experiences that are fun, educational, and that encourage a deeper engagement with the city. Urban adventures in financial landscapes My main focus is going to be ‘ Financial Psychogeography ’. ‘ Psychogeography ’ is a word that means different things to different people, but I’m taking it to refer to: the exploration of c...

Fun things to do in London's Financial Heartlands: Fusing Canary Wharf with the Real Economy

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The financial sector is frequently contrasted to the ‘ real economy ’. The ‘real economy’ is seen to involve the production of goods and (non-financial) services, while the financial sector is seen to act as a facilitator of, and gatekeeper to, investment flows into those industries. Banks and funds are in the business of predicting which businesses to back, steering debt and equity based on future perceptions of the real economy. The financial sector runs ahead of, or parallel to, the real economy. In some conceptions, it isn't connected to the real economy at all. The usefulness and accuracy of the traditional distinction can certainly be questioned, but if ever there was a place in the world where the distinction made visual sense at least, it would be London. London is one of the few cities where the financial sector can literally be seen from a distance, most notably in the stark concrete and glass of Canary Wharf . London is also home to many decaying remnants of the old man...