K-shaped?

When the Covid recession started, people started wondering what the recovery would look like. The recovery from the Global Financial Crisis in 2008 was horribly drawn out, and in fact GDP took longer to recover than it did in the Great Depression of the 1930s. How Bernanke, Yellen & Co …

There are comments.

Presidential Campaign

The first presidential campaign TV debate is today. The mafia boss vs an aging political hack with dementia. It is going to be gripping, but for all the wrong reasons. At 2am local time, it’s a miss for me, although I might listen to highlights in my …

There are comments.

Morning

Risk off: bonds up (a teeny bit), equities off (quite a bit, but after a huge rally yesterday), commodities generally down, with the sole exception of natural gas.

The politics bit

I had a chat with some guys about trade, agriculture and the environment. I am constantly surprised at …

There are comments.

What is money? (Part 2 of 94)

Listening to the Market Huddle from last week (episode #87), I got to hear from George Gammon, someone I’d never heard of. I’m not a great fan of hosts of podcasts all interviewing each other. However, he did make some good …

There are comments.

Worth Reading

• Latin-America’s Airlines Are Crashing, But There May Be No Bailouts. Aeromexico Denies Filing for US Bankruptcy . What a peculiar form of capitalism, where investors lose out when the companies they invest in are not economically viable. It will never catch on in the US or UK. It …

There are comments.

Wolfstreet and Druck

Today, I read this article, from Wolf Richer’s blog. I think that Druck had previously said how grateful we should be for all these high-tech companies providing valuable services to us below cost (or, maybe in the case of Amazon, barely above cost). Well, yes, these …

There are comments.

The Fed goes where other CBs fear to tread

I stole the title of this post from Robin Wigglesworth’s “The Fed’s Vietnam moment” published today. He, in turn stole it from Alan Ruskin of Deutsche Bank (with acknowledgment). It argues that the Fed may be getting in too …

There are comments.

“My Latest Post”

There are comments.

“NHDC awards grants to Royston Bowls Club”

There are comments.

“Main Modifications NHDC Local Plan”

There are comments.