Daily

Quick note here Did you know there was a peace negotiation surrounding Libya this past weekend? I certainly didn't until I watched the German evening news. This negotiation is getting absolutely zero play in the media in both the UK and…

Somewhere in the Credit Writedowns archive are comments regarding US President Trump to the effect that political economy shocks won't matter. So I want to share a quick anecdote with you on why I have never put too much stock in the…

I have been trying to write an all-encompassing post for the new year for two weeks now. But time has never allowed it. So I've decided to forego that and get something out to you on what I am thinking as 2020 begins. First and foremost,…

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…

I know it's pure folly to predict what the Fed is likely to do on a FOMC meeting by meeting basis. But hear me out. Despite the fact that I see the Fed looking to remain as tight as they can reasonably be in order to save up firepower for…

The Washington Post has a post up today on how two housekeepers took on the president — and revealed that his company employed undocumented immigrants. I sent it to a friend. And the exchange we had about the article made me think a bit…

Everybody's talking about this video of G-7 leaders laughing at US President Donald Trump during the recent NATO summit. While most people are just giggling about it, I think it reflects a much deeper issue. Take a look. .@JustinTrudeau,…

There's been a lot of economic data coming out of the US in recent days. None of it shows a clear indication that the economy has turned the corner. Some of the early data on housing was good. But, more recently, the numbers have been…

Impeachment In the last couple of weeks, at the expense of other thoughts, I have been consumed by the impeachment proceedings going on in the United States. I guess this is a byproduct of my having been born in, growing up in and now…