Santayana’s Curse – The Grapes of Wrath
Our final excerpt from Chapter 2 of Santayana’s Curse. Continued from Timeo Danaos (et Romanos). … this was to be the high point of Italian…
Santayana’s Curse – Timeo Danaos (et Romanos)
The second of three excerpts from Chapter 2 of Santayana’s Curse, which is now available for Kindle. Continued from Union Victory, Union Defeat. … if…
Santayana’s Curse – Union Victory, Union Defeat
Over the next few days, we will be publishing excerpts from Chapter 2 of Santayana’s Curse, which is now available for Kindle. … it is…
Two themes and a variation
Around the start of the year, in the course of a routine set of market overviews which we have to set out twice a…
Kohlruebenwinter for Coventry, Cologne, Caritiba & Canton
Last week it was announced that Beijing was reversing an earlier decision to allow local governments to issue their own bonds, causing eyebrows to…
Wen passes, Ben twists, Angela sticks
In a new paper from the HKUST academic team of Li, Liu & Wang, the authors lay out a clear exposition of the way…
Here be dragons
Inevitably, when yet another false dawn for the Sinomaniacs turned into a lowering twilight, the newswire reporting surrounding the latest Chinese PMI numbers included…
Putting it all behind us
All consumption is either by individuals, or by the government. Having treated of the consumption of individuals, it only remains that we treat of…
China crisis
“A central power, as enlightened, as skilful as can be imagined, cannot by itself encompass all the details of the life of a great…
Goldilocks goes short
At the core of much of our analysis is the contention that the ebb and flow of easy money injections—potentially stimulative in the short…