The world is six months into the war in Ukraine. Or eight years, or 239
Category: politics
Saudis Snub White House As OPEC Reverses Output Hike
It’d be a shame if oil prices fell too much. OPEC+ on Monday agreed to
Truss Issues
Liz Truss, political shape-shifter extraordinaire, morphed into UK prime minister on Monday, as expected. Her
Europe Turns Chaotic As Kremlin Follows Familiar Playbook
Regional equities were under pressure, the euro sank below 0.99 and benchmark gas prices jumped
‘Putin’s Responsibility’: Germany Bails Out Households
There’s something ironic about an “inflation-busting” plan that involves billions in government expenditures. But, when
Wanted In Europe: Mild Winter, ‘Specialized Repair Company’
Wanted: “A specialized repair company.” If that’s you, and you can ensure the “complete elimination
What If ‘Normal’ Isn’t What We Think It Is?
The past two years prompted quite a bit of soul-searching for humanity, and particularly for
The ‘Flashy, Gimmicky’ Student Debt Piñata
A “flashy gimmick.” That’s what the Wall Street Journal‘s editor… oh, wait, it’s the Washington
Zoltan Pozsar Saves The Western World
Those calling for a quick return to 2% inflation in advanced economies are “naively optimistic.”
Zoltan Pozsar Bears Witness
“If there is trust, trade works. If trust is gone, it doesn’t.” So said Zoltan
EU Energy Panic Goes Full GameStop As Russia Tensions Rise
At a certain point, you run out of creative hyperbole. Such is the case with
Biden Shouldn’t Be Too ‘Generous’ With Student Debt: Larry Summers
Larry Summers kept himself in the news Monday with what he surely realized would be
Heat Check
Market participants — those not on vacation, anyway — have busied themselves recently obsessing over
America The Emerging Market
It’s no secret that the last four decades haven’t been especially kind to Main Street.
Ray Dalio Imagines A US-China War
Ray Dalio has a thought experiment for you. When you get a few minutes, and
300 Million Hamsters
Has the Fed regained its credibility as a check on inflation? That’s the question. Answers
In Odesa, Strategic Callousness
On Friday, there was “a beacon on the Black Sea.” So said UN Secretary-General Antonio
Putin Sinks Uniper
Uniper, Olaf Scholz said Friday in Berlin, was experiencing “great difficulty” from Germany’s gas crisis.
To Break A Madman
One problem with trying to craft a coherent sanctions regime against Vladimir Putin’s Russia is
Japan’s Dark Day
The world isn’t getting any safer. Nor its people any less disturbed, apparently. In America,
Asynchronous Wars And The Technology Of Killing
This vulnerability defines a new phase of warfare: The freezing and seizing of assets by
Humans: When Progress Isn’t Progress
I find it useful, refreshing even, to take a step back from time to time.
Goodbye Boris
Boris Johnson agreed to resign as UK Prime Minister Thursday, following a string of departures
Germany Faces Full-On Crisis As Uniper Looks At Bailout
Germany’s worsening energy crunch was back above the fold on Thursday, after Uniper withdrew its
Under The Shadow Of Stagflation
America is experiencing an acute crisis of confidence. As discussed here at some length last
Russia Defaults. Nobody Cares
Three years ago, when Donald Trump sanctioned Ayatollah Khamenei, I described the decision as “about
America Has An Existential Credibility Problem
The Supreme Court overturned Roe v. Wade on Friday, exacerbating a national firestorm and deepening
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