Crisis? What Crisis?
[The following is a shortened version of an original which first appeared on the author’s website, www.truesinews.com ] As Britain fast approaches what is…
The Economist discovers the Entrepreneur.
In its latest edition, in a piece entitled ‘Monetary policy: Tight, loose, irrelevant’, the ineffably dire Ekonomista considers the work of three members of…
New Normal
Just over three weeks ago, in his keynote address to the Global Corporocracy at the so-called ‘Summer Davos’ meeting in Tianjin, Li Keqiang firmly…
Money, Macro & Markets
First it was the government’s miraculous ability to deliver on-target GDP growth that got the permabulls bellowing again, then it was the striking (world-beating,…
Money, Macro and Markets
It was something of an irony last week when the idiots savants who constitute the upper ranks of the ineffable current incarnation of the…
Heaven is high and the emperor is far away
Imagine, if you will, a small, isolated hamlet where the daily round proceeds in harmony with the gentle rhythm of agriculture. Ground is tilled,…
No zero bound on reason
Five years and more since the successive collapse of the pillars of the American financial system ushered in our present dire ‘unorthodoxy’, it should…
The root of all evil
The FT blog entry dealing with the Pope’s recent apostolic exhortation is, as we might expect, a somewhat tendentious selection, archly culled from the…
Dear George
Dear George, No purple prose this time, I promise – I wouldn’t dream of risking any untoward interruption of your natural digestive processes –…
Hooray for Hollywood!
In Europe, the picture on one side of the banking balance sheet remains one of shrinking credit (more especially of the productive, private sector…