The year 2019 saw the continuation of “the world’s most bizarre financial experiment ever”, said Merryn Somerset Webb on MoneyWeek.com – “negative interest rates”. The European Central Bank and the Swiss National Bank were among those charging investors for the privilege of holding their bonds. There are now $16trn-worth of negative-yielding government bonds in the …
To The Economist: “So, three-and-a-half years after the Brexit referendum, Britain is leaving the European Union on 31 January. For millions of people, particularly in eastern Europe, the country we tend to call “Anglia” has been a benchmark of nobility, of spirit and excellence. Britain is deeply embedded in our cultural make-up. During the War, …
Continue reading ‘As the U.K. shuffles out of the EU, a revealing letter’ »
In late December 2018, when James “Mad Dog” Mattis resigned as secretary of defense after President Trump announced that he was going to pull U.S. troops out of Syria, it was a big story . The former general was pundited to heaven and back as the last “adult in the room”, praised in Congress and …
“Like a giant company which fails to draw any lessons from the loss of a major customer, the EU has learnt nothing from the fact that one of its largest members has voted to leave it. Trapped in the sterility of the status quo, its leaders are like members of the Ancien Régime, oblivious to …
History shows that violence generally climbs in election years, and given the media-fueled polarization of Americans just now, 2020 bodes to be especially combustible in the United States (it has been such in the UK). Unlike 2001, when hate crimes peaked in the aftermath of al-Qaeda’s 9/11 assaults, this time the threat of violence is …
