Politics

It's increasingly clear that the coronavirus pandemic is going to cause a deep recession. And as retail investors understand the gravity of the situation, it will also cause risk assets to plummet, even from today's levels. No, equities are…

I watched the Democratic Debate in Las Vegas last night. And after looking at some analysis of the economy and the debate this morning, I came to the conclusion that we are seeing a worst case scenario for the Democrats' hopes to defeat…

It was almost exactly nine years ago that I wrote called “Corporatism masquerading as liberty” at Credit Writedowns. The gist was that, as I put it then the “‘Corporatist’ is a kleptocrat masquerading as a believer in liberty. He uses…

Happy Valentine's Day! Let me make this a quick post, spurred on by three things - one thing I heard in conversation I had, one thing I heard on the radio, and one thing I read on Twitter. Defining socialism When I write ‘socialism’, really…

Two topics today: the US and the EU. Unlike Monday, when it was the politics in the EU and the economy in the US, this time, I want to talk about the politics in the US and the economy in the EU.

Today is a bit of a potpourri because I have three different unrelated topics to discuss and one review item. But I'll make it (relatively) short. I have the most to say about Germany.

The latest jobs report confirms that, on the eve of the coronavirus outbreak, the US economy was healthy, and that there was little chance of a near-term recession. I would go so far as to say that, even with the coronavirus outbreak, the…

One major headline today that you might have seen concerns politics in the German State of Thuringia. And that’s because German Chancellor Angela has publicly rebuked the leaders of her own party in that state for accepting support from the…

Framing the populist revolt In the industrialized Western world, we are living through a great age of populism. There's no doubt about that now. The trigger for it was the Great Financial Crisis of 2007-2009 and the knock-on European…

Labour shellacking and SNP domination The UK general election results are in. And, for me, the most striking feature of the outcome is the absolute thrashing the Labour Party received. With only 201 seats of 650 constituencies in…