12-03-2009, 12:55 PM
To be perfectly honest, I am working on the basis that this could well happen.
But know the enemy I say. Who are Numis? Well, they are the creature of the City's richest billionaire Michael Spencer. More here from Wiki:
Having made his bones at Drexel Burnham deserves atention, for it was Drexel's where the Junk Bond king and Mafia financier, Mike Milken, made his bones.
The fact that Spencer also owns the spread betting firm City Index just adds further concerns. Despite my own personal concerns about the future direction of the British economy, I wouldn't trust this outfit not to be setting up a winning market bet.
To add to this concern is the fact that Spencer is deeply involved with various Hedge Funds, has been caught in a dodgy deal and was until very recently the Conservative Party Treasurer until he was replaced by Stanley Find - another hedge fund boss.
Beware dragons I say.
But know the enemy I say. Who are Numis? Well, they are the creature of the City's richest billionaire Michael Spencer. More here from Wiki:
Quote:Michael Spencer
From Wikipedia, the free encyclopedia
Michael Alan Spencer (born 30 May 1955, Kuala Lumpur, Malaysia) is a billionaire British businessman; the founder and chief executive of ICAP plc, the world's largest interdealer broker. He is also currently the owner of spread betting firm City Index and the chairman of the stock brokerage Numis Securities.
Spencer was educated at the Worth Abbey Benedictine (OSB) School, Sussex and at Corpus Christi College, Oxford, where he read physics. While still a student, he made £300 dealing in shares, and went on to land a job at Drexel Burnham. Fired for trading errors, he resolved to establish his own empire, establishing Icap in 1986. In 2005, Icap earned approximately £200m in pre-tax profits.
He has homes in Holland Park, London, Suffolk and Manhattan. In the Sunday Times Rich List 2008 ranking of the wealthiest people in the UK he was placed 62nd with an estimated fortune of £1,150 million.[1]
He is also a shareholder and an associate director of Ipswich Town Football Club, but has little interest in football.
In March 2007 he was named Entrepreneur of the Year at the European Business Leader Awards. And in November 2007 he was awarded the prestigious Beacon Fellowship Prize for setting up ICAP's Charity Day.
Spencer is an avid art collector with an impressive twentieth century and contemporary collection, including the work of scottish artist, Jack Vettriano.
Having made his bones at Drexel Burnham deserves atention, for it was Drexel's where the Junk Bond king and Mafia financier, Mike Milken, made his bones.
The fact that Spencer also owns the spread betting firm City Index just adds further concerns. Despite my own personal concerns about the future direction of the British economy, I wouldn't trust this outfit not to be setting up a winning market bet.
To add to this concern is the fact that Spencer is deeply involved with various Hedge Funds, has been caught in a dodgy deal and was until very recently the Conservative Party Treasurer until he was replaced by Stanley Find - another hedge fund boss.
Beware dragons I say.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14