On sabbatical since May 2015. The last post, “Sayonara”, follows below.
“The shifts in geopolitical alignments haven’t slowed, nor has the broad direction of movement changed. China and Russia’s gravitational pull is slowly drawing in a disparate group of nations, all in their different ways eager to lessen US influence.
If America won’t cede its post-Soviet hyperpower status and accept a more balanced and complex world, it’s likely to be a troubled decade or two. With their foreign policy heavily driven by desire and politics rather than reality, it’s not easy to be particularly hopeful.
And then there’s the economic storm clouds massing just over the horizon: gross overindebtedness; persistent imbalances; central banks and governments fighting symptoms rather than causes; looming demographic shifts; and so on ad nauseam.
Interesting times, certainly.
As for me, I haven’t felt any desire lately to comment on these developments, fascinating though they are. Whether that will change any time soon, I don’t know. So, for the moment, sayonara.”
Money, Credit & Financial Systems 