Following James Traub’s mind-numbingly-elitist rebuttal of the democratic rights of “we, the people” in favor of allowing “they, the elite” to ensure the average joe doesn’t run with scissors, “It’s time for the elites to rise up against the ignorant masses.” The Brexit has laid bare the political schism of our time. It’s not about the left vs. the right; it’s about the sane vs. the mindlessly angry… The Guardian’s...
Read More »
Monday July 4: Five things the markets are talking about Happy 4th of July! Stateside, this is a holiday shortened trading week, one that will be dominated by two fundamental events – Wednesday’s FOMC minutes and Friday’s non-farm payroll (NFP) report for June. With no surprises expected in the minutes, both dealers and investors have very much priced out any possibility of a U.S rate hike occurring within the next...
Read More »
The Pool of Real Wealth Last Thursday, the people of Britain voted in a referendum to leave the European Union (EU). Most commentators view Britain’s exit (“Brexit”) from the European Union as bad news for economic growth in the UK and the euro zone. As a result, it is argued, the growth rate in the rest of the world will be also badly affected. It is more likely that, whether the pace of real economic growth over time...
Read More »
Swiss Economicblogs.org
