Serious investment thinking that doesn’t take itself too seriously.
In today’s dispatch: banks are lending lessbanks are also generating less revenue, and NIM continues to slide (for now)are Zombie banks good?bank exposure to non-bank lending is probably higher than Zombie would like After the Fed nearly killed the banks by torpedoing the value of low-interest...
On February 24, the first day of the invasion of Ukraine, Russian troops occupied Snake Island, a small but strategically important outpost in the Black Sea about 70 nautical...
Amid the challenges posed by Russia’s war against Ukraine and China’s increasing assertiveness in Asia, the G7 met in Europe. Most of the hard work was completed by staff before...
The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years. It has gained 15% against the British...
News of a big pay rise might see you booking the nearest fancy restaurant for a slap-up meal to celebrate, or encourage you to go on a shopping spree even before your raise hits...
Martin Walker, the gifted former Washington correspondent of The Guardian, used to start his speeches saying that the Fourth of July wasn’t a time for sorrow for him, as it was a...
In February, Prime Minister Boris Johnson said the public would have to get used to “living with COVID”, and announced the phasing out of all Covid-related restrictions over the...
Europe is highly vulnerable to Putin's gas blackmail. European leaders believe they are part of the rich world, with the power to determine their future. After they return from...
Rio Tinto's shareholders are probably very happy. Thanks to significantly higher prices for its core products of iron ore, aluminium and copper, the company's 2021 dividend comes...
The Ukraine war is at a strategic turning point. As the Russian offensive intensifies in the Donbas without resulting in any substantial gains, western leaders warn that the war...