Gardenwalker

That China won’t buckle. It’s devaluing its yen to maintain export competitiveness. The issue for Europe (and the UK) is going to be how much it wants to accept a shit-ton of Chinese surplus exports … (View Post)

Others may know better, but there wasn’t much tariff on industrial goods before “liberation day”, so this is essentially an offer for the status quo ante. I guess from Trump’s view that’s useless. Th… (View Post)

You forgot the “Brexit Tories” of 2016-2024. The current U.S. government are humming if not the same tune, then something bearing a strong familial resemblance. Remember. “They” need us more than we … (View Post)

Headline in the FT, “Deutsche strategists warn of permanent loss to U.S. credibility”. Christ, it must be bad. (View Post)

This describes much of British civic life now. Sub-contracting, bureaucracy, and sheer rentierism makes everyday life a misery. (View Post)