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Olduvai III: Catacylsm
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Globalization Just Peaked

Globalization Just Peaked In Jackson Hole on Friday, Bank of England’s outgoing governor Mark Carney talked about a Synthetic Hegemonic Currency (SHC) that the world ‘must’ create, and I thought: that sounds as creepy as anything Halloween. Now, Carney is a central banker as well as a former Giant Squid partner, hence a certified cultist, […]

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Ray Dalio’s Shorting The Entire EU

Ray Dalio’s Shorting The Entire EU Salvator Rosa Heroic battle 1652A point BOE Governor Mark Carney made recently may be the biggest cog in the European Union’s wheel (or is it second biggest? Read on). That is, derivatives clearing. It’s one of the few areas where Brussels stands to lose much more than London, but […]

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Jackson Hole and the Appalachians

Jackson Hole and the Appalachians Henri Cartier-Bresson Trafalgar Square on the Day of the Coronation of George VI 1937  The Jackson Hole gathering of central bankers and other economics big shots is on again. They all still like themselves very much. Apart from a pesky inflation problem that none of them can get a grip […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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