The View From The Bridge

When?

When? “The art of financiering consists principally in multiplying and confusing accounts, till, at last, no one has courage to undertake an examination of them.” William Cobbett “The Budget” 1805 “I imagine that Ben Bernanke, Mario Draghi and Haruhiko Kuroda all stay awake at night imagining ways to force negative rates on savers. But the larger question, beyond a sociopathic desire to control others in service of one’s own intellectual dogma, is why anyone would advocate such policies. I can’t emphasize strongly enough that there is no economic evidence that activist monetary intervention has materially improved economic performance in recent years.” John Hussman 2016…

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Brexit – where do you stand?

It will come as no surprise to regular readers that your scribe is firmly in the “Leave” camp. As a twenty something in 1975 I voted for the UK to join what was then the European Economic Community. At that referendum the vote was two to one in favour and the EEC was seen in Blighty as more of a trading bloc than the full blown “Union” that it has attempted to become. Few people remember that our first application to join the club in 1963 was vetoed by Charles de Gaulle, who said, prophetically, “that the British government lacks commitment to European integration.”…