Robert Reich has written a piece about why inflation is happening. It’s about how US companies can preserve or increase margins in the face of escalating raw materials costs. The answer is, of course, market power. This is something that a …
read moreThere are comments.
Commentators usually avoid making predictions. Markets have an uncanny ability to make fools of all of us, arguably, the smartest are the ones with most to lose.
Anyway, Alex Manzara, who I respect hugely, has just come out and made a clear and …
read moreThere are comments.
China is a global superpower. It is also, notionally a communist state. In its current form, it is the result of support given by the Soviet Union to Mao Tse Tung. Weirdly, the Soviet Union is gone, but its client state, China, now has …
read moreThere are comments.
I’ve always wondered why the USA is so hell-bent on destroying Julian Assange. He is of no danger to anyone, and probably never was. It appears that the sexual assault crimes alleged against him in Sweden were …
read moreThere are comments.
A recent Econtalk podcast was with a founder of Give Directly. The idea of this is beautifully simple: money you give to the charity ends up directly in the hands of a very poor person. There are no NGOs involved. No goverment officials are …
read moreThere are comments.
It seems to me that the PBoC is pulling out all the stops to avert a crisis of confidence as Evergrande continues to sink. This should result in the RMB/CNH falling, just as all prices will rise with an increase in the money supply …
read moreThere are comments.
Markets retraced today. Risk assets bounced, bonds sagged (a little bit). Crypto stopped falling. No obvious course. Pundits claim it’s the ‘realization’ that Omicron is not very virulent, but we knew that as soon as it was announced. I guess it’s the bull …
read moreThere are comments.