Official statistics on overseas assets are notoriously worthless, even by the low standards of international economic numbers. (View Post)

I think the impact of the tighter monetary policy, which is coming, on economic growth will be interesting to see. Sharply negative real interest rates, which we've had for a long time now, have… (View Post)

That's yields in nominal terms. They have fallen in real terms, which matters much more. (View Post)

"Next week’s round of polling could be very telling." Mid-term polling is never very telling. I know it's difficult for politics nerds, but most people don't focus on politics unt… (View Post)

I don't understand why this country can't have two time zones if that's an issue. Plenty of other countries are split. (View Post)