As has been noted by others, the increase in gilt yields will in the most part dramatically improve the solvency of DB pensions by reducing their liabilities faster than their assets. There is a pote… (View Post)

I wonder whether Poland might end up attacking Belarus’s western flank if Luka drives south to Ukraine. (View Post)

What’s odd is I’ve come across a few old etonians over the years and in general found them to be intelligent, modest and in some cases intellectually brilliant (wider than academically, across the bo… (View Post)

On topic. It’s not a surprise that three members of the BOE are seeking to blame the govt. The Bank was not only asleep at the wheel at its prudential responsibilities but was incontinent with its ac… (View Post)

I have a particular perspective on the workings of the Chinese communist party too. And so far they’ve performed roughly as I would have expected. Studious neutrality. Not antagonising either Russia … (View Post)