US

Cultures, values, nations and good reasons to believe in the EU

Dear Gideon, There’s one thing here which is that cultures and values are intimately related. Some mistake the nation for a timeless construct of ethnic homogenity this while most nations and their ethnic makeup now in existence are less than a century old and the modern concept of nationality arguably was something for quite a …

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FT “Donald Trump’s trade tirades show his mastery of the message”

Thanks Rana, an excellent perspective. Let’s first dispense with that I consider Trump to be completely unfit for the office he occupies and consider him to be the largest actual threat to US national security and international well being. Having said that though, he is striking out with energy and agenda in an indomitable way and …

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Do we still believe old oil’s sales pitch?

The FT article “Saudi Aramco chief warns of looming oil shortage” https://www.ft.com/content/ed1e8102-212f-11e7-b7d3-163f5a7f229c is more interesting for the comments it now attracts than for the content. We’re no longer buying these sales pitches. Still, we do live in a world were we did buy these pitches for decades and where they mostly were right. Oil is vital …

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“Those who can diversify out of US debt are likely to do so”, but who can?

“Those who can diversify out of US debt are likely to do so” But whither? As you say China may be on track to become holder of a reserve currency, but is far, far from there. We’ve seen almost 70 years of US hegemony, a time during which the world internationalized like never before and …

“Those who can diversify out of US debt are likely to do so”, but who can?Read More »