There are a few complicating details with the story. Canadian politics is far more regional than the UK. Those new parties were Western parties and not nationally popular. I think they won 1 or 2 sea… (View Post)

Gordon Brown also lived in No 10. (View Post)

In 10 years time Britain like Germany will be led by a Chancellor, the finance minister will be the First Lord of the Treasury, and there will be footnotes in history books about the 20th and early 2… (View Post)

It could be, but from the point of view of society as a whole, it's just reshuffling the costs when interest rates go up from one group of people to another. (Edit to add, probably only a few co… (View Post)

To simplify a lot, long-term investors like pension funds do not want to take on the credit risk that 10%+ of mortgages fail at the same time. To make sure investors buy US fixed-rate mortgages, Fann… (View Post)