In-expensive In the spare-wheel compartment of one author’s car is a fluorescent yellow gilet. It may soon have another use apart from making him more visible if he has to change a wheel at the roadside. But with Paris in flames, Berlin in flux and Rome in financial meltdown it may not be necessary to … More Quickies-5

State of the European Union 2018 – 2

This post is the second part of our three-part review of Jean-Claude Juncker’s speech to the European Parliament. The full text of his speech can be downloaded from here: https://ec.europa.eu/commission/sites/beta-political/files/soteu2018-speech_en_0.pdf Unification The Five Presidents Report [1] is not often referred to directly these days but its plan still underpins the economic activities of the Union … More State of the European Union 2018 – 2

Canny or Carney?

A cynic is “a man who knows the price of everything and the value of nothing” [Oscar Wilde]. In relation to Brexit a typical Whitehall mandarin knows the risk of everything and the opportunity of nothing. Except they don’t know the risks, they are guessing at the cost of Brexit using estimation methods already shown … More Canny or Carney?


Depressing The 1930’s Great Depression hit the USA hard but the suffering was less in the UK because in 1931 the Bank of England abandoned the Gold Standard and the Fed did not until 1933 (although it was only fully abandoned by Nixon in 1971). For the economy to recover, unemployment and low wages persisted; … More Quickies-3