Sterling Slide Extended

August 6, 2018

The pound ended last week on a weak note after Bank of England Governor Carney flagged “an uncomfortably high” risk that Britain leaves the EU without any negotiated deal. That message was reinforced over the weekend by Trade Minister Fox’s perception of 60-40 odds in favor of no deal, and sterling slipped a bit below […] More

Interrelated Themes Clash in World Economy

March 17, 2010

Differences in the economic policy priorities of governments are generally rooted in bad historical experiences.  Top attention is placed on preventing whatever is most feared.  Post-WWI hyperinflation in Germany evaporated the lifetime savings of households and continues to get blamed for creating conditions that promoted political instability, then the rise of Hitler and ultimately ruin […] More