Saturday The heightened tensions with North Korea raise puzzling questions about China. It seems quite unable to put any brakes on its neighbour’s belligerence. It cannot be because it does not want to, at least, reduce tensions, including the, by now, very real military threat to itself. The North Korean military comprises … [Read more...]
Sagging Currencies and Rattling Sabres
Friday Currencies are held together only by the agreement that they are of value. It could well be that they are about to take a tumble. Too many negatives are coincident: - Sabres are rattling in China, Russia and Japan* - Stock markets are overvalued - The major economies are in dire straits - Unemployment and poverty are widespread and growing - Banks are … [Read more...]