Britain

I ended yesterday's post writing that the only thing one could predict with certainty was that there will be policy errors going forward. When faced with so much uncertainty on both the healthcare front and on economic policy, it's…

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…

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 haven't written about Brexit in months now, largely because it has become so unpredictable that I have had nothing to say. After we saw the delay that I predicted in December, the whole affair has just had too many moving parts to know…

The big story today is the potential for a currency war, emanating from the escalating trade war between the US and China. But there's a considerable degree of data flow that I want to parse to give a more complete macro view. Having…

I apologize in advance for posting this downbeat narrative. But it's what came to mind after reading the news after the Mueller Report was released in the US yesterday. Let me tell you where I'm going with this and what I think it means.…

I apologize for missing Monday and yesterday. I am actually on Holiday right now. And though it seems strange to work on Holiday, I have always written through my vacations. I reckon I will be off tomorrow. But, who knows. I have my laptop…

The overall macro message I have been making the past several months is that the global economy has cooled to perhaps its slowest growth since the financial crisis. Yet, when we look for signs of imminent recession in the US or for…

Very quickly here: Yesterday, British Prime Minister Theresa May gave an informal address to the nation from her couch at a the Prime Minister's country retreat, Chequers.The informality of the address is what first caught people’s eye.…