Other articles


  1. Does the UK need a king?

    Published: Tue 09 May 2023
    Updated: Tue 09 May 2023
    By steve

    In Markets.

    Tuesday 9, May 2023

    Does the monarchy matter?

    I am not a republican. Anyone can see that simply getting rid of a king is hardly the secret of a successful political order in a country. The UK royal family may have cultural influence, a lot of money, and the direct …

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  2. Locking in supranormal profits

    Published: Wed 03 May 2023
    Updated: Wed 03 May 2023
    By steve

    In Markets.

    Wednesday 3, May 2023

    The US Judiciary and How Anti-Monopoly Cases are Decided

    The United States has a big problem: its politics are dominated by corporate interests, and so too is its law. This is evident in the way that anti-monopoly cases are decided.

    When a major corporation is accused …

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  3. De-dollarization

    Published: Mon 01 May 2023
    Updated: Fri 05 May 2023
    By steve

    In Markets.

    Monday 1, May 2023

    Exorbitant privilege and all that

    The Fed has created a lot of money. Of course, a lot of it has not translated into private sector spending, and so the impact on inflation has not been huge, but private sector lending has taken off again since the …

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  4. Another cognitive bias

    Published: Sun 30 April 2023
    Updated: Wed 03 May 2023
    By steve

    In Markets.

    Sunday 30, April 2023

    Pessimism Bias

    We all know about availability bias, confirmation bias, and probably several more systematic ways in which our intuition leads us astray in assessing the state of the world. There really are an almost uncountable number of cognitive biases, as this Wikipedia Article reveals. This …

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  5. Energy Commentary

    Published: Sat 29 April 2023
    Updated: Mon 01 May 2023
    By steve

    In Markets.

    Saturday 29, April 2023

    Energy

    I am chronically bullish on energy.
    Oil used to be boring. Right through to the end of the 90’s, the price of a barrel oscillated around $20. There was a massive spike before the GFC, a crash after it (but only down to $40 …

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  6. Regulatory Arbitrage

    Published: Thu 27 April 2023
    Updated: Mon 01 May 2023
    By steve

    In Markets.

    Thursday 27, April 2023

    Matt Levine talks about his own job

    Matt Levine is not a person. He is like Zero Hedge’s Tyler Durden: a whole team of individuals who are chained to their computers churning out insightful articles ever day of the year (nearly).

    Anyway, ‘he’ wrote the …

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