The U.K. Debt/GDP Ratio Is NOT Going To 1000%
The U.K. Office of Budget Responsibility (OBR) published its “Fiscal Risks and Sustainability” report (link) and it contains the eye-catching ...
Forward Guidance Important? Yes And No.
I have returned from travels, and trying to catch up on things. The most important headlines have been about the ...
Yet More U.K. Bond Market Vigilantism
I have been getting ready to leave town, and so wrapping up other projects. The only thing that popped up ...
Bond Vigilante Musings
Bond vigilantes are a popular topic in financial media. Part of this is that most people find government bonds boring, ...
Belated Comments On The AI Boom
Animal spirits have been soaring in the area of Artificial Intelligence (AI), and the surge in spending has shown up ...
Inflation Outlook: Was I Too Pessimistic?
Although I have not been attempting to do economic forecasts, the current environment is surprising to me, at least with ...
Book Comments: “The Deficit Delusion”
A new book at my library caught my eye — “The Deficit Delusion: Why Everything Left, Right, and the Supply ...
Canadian Inflation Comments
So far, the gasoline price shock in Canada has not been as bad as what happened after the pandemic, but ...
Ceasefire Sort-Of Holding?
The world economy remains hostage to the war in the Middle East. Although the news flow remains extremely erratic, direct ...
Public Bank Lending
In my previous article, I discussed (traditional) postal banking, in which the central government manages a deposit-taking bank (which historically ...
Postal Savings Banks
Postal savings banks are a venerable form of public banks. They were traditionally aimed at providing payment and savings options ...
Bond And Loan Financing
In an earlier article, I did an over-simplified discussion of how a local public bank would interact with municipal bond ...
No War Plan Still
The main reason to be pessimistic about the war between Iran versus the United States and Israel is the lack ...
Public Banks And Municipal Bonds
Tyler Suksawat and Scott Ferguson recently published “Reclaiming the Public Interest: Cities Should Sell Municipal Bonds to Their Own Public ...
Victory Declared — Did Not Go Home
I am about to write another article for publication tomorrow (I hope), but just wanted to express my dismay about ...
Declare Victory And Go Home
The last 24 hours were chaotic in the oil futures and equity markets. From the perspective of an East Coast ...
Iran War Risks
The main global economic risk associated with the renewed war against Iran is an energy price spike. (Regional problems are ...
Deflations Not Easy And Benign
This article is a preliminary unedited draft section of my inflation manuscript. There are therefore references to other “sections” and ...
Secular Employment Shifts
The Payrolls Employment Report in the United States released earlier this week was stronger than expected (although there were downward ...
“Sell The Dollar”: Think Price, Not Flows
The “sell the dollar” trade is coming up in the chatter I see. I think that economists love making international ...
Liberation Day 2.0
The latest crisis of the weekend was the announced tariffs on selected European countries for their decision to base a ...
Canadian Economy: Muddling, But 2026 Looms
Courtesy of President Trump chickening out on breaking the USMCA/CUSMA free trade agreement on autos, the damage due to the ...
UK MMT Wrangling
There’s been a rise of Modern Monetary Theory (MMT) wrangling on my Bluesky timeline, largely the result of intra-left mudslinging ...
EU5 And Economics Part II: Inflation And The Fall Of The Roman Empire
This article is a part of a series that resulted from some observations about the economic modelling in the strategy ...
