26 October 2021 The breakneck expansion of China’s tech giants was built on the same philosophy as America’s tech giants – “move fast and break things.” That is, they have diversified into new areas of business without paying much attention to the regulatory environment, figuring that such minor details can be fixed up later... [read more]
20 October 2021 The world’s central bankers have been worrying about green swans lately. The Bank for International Settlements (aka BIS), which is the central bankers’ central bank, even held a “Green Swan” conference. What does this mean for Australia’s banks... [read more]
12 October 2021 The winter of 1978-1979 was disastrous for the UK economy. A combination of freezing weather, rising inflation, union wage demands, and public and private sector strikes caused fuel shortages, food shortages, and essential services failures. The press christened the period “the winter of discontent”, borrowed from the first line of Shakespeare’s Richard III. Not surprisingly, Margaret Thatcher won the May 1979 election... [read more]