13 Oct 2026
AI doesn’t fire the junior, it stops hiring them
In February, Jack Dorsey signed a letter to Block’s shareholders that is worth reading twice. It announced that the company would shrink by almost half, from more than…
In February, Jack Dorsey signed a letter to Block’s shareholders that is worth reading twice. It announced that the company would shrink by almost half, from more than…
France still pays its debts and retains an economy capable of sustaining them. What is beginning to fail is confidence that its Government can halt the rise in…
For many years Japan had a peculiarity that suited the rest of the world rather well: its money cost practically nothing. The yen became one of the great…
Jackson Hole did more than raise the probability of a rate hike in September. Kevin Warsh, the current Fed Chair, has begun to explain what kind of Federal…
The financial crises of 2008 and 2010, and the subsequent quantitative easing programs of the Federal Reserve (FED), the European Central Bank (ECB), the Bank of England (BoE),…
We have just experienced the bargain purchase of one of the 300 banks considered as systemic, Credit Suisse, those that you cannot let fail, but this is nothing…
The Fed has abruptly slowed down the rise in the benchmark interest rate, despite the fact that inflation is far from being at acceptable levels in the long…
The European Central Bank is raising rates to cool an economy that is not overheating but suffocating. It looks far too much like the oil crisis of the…
Inflation hid what Putin was preparing for the winter. Now both colds, the one on the thermometer and the one in the economy, arrive together.
The Government boasts about the worst employment figures in Europe while the European Central Bank makes mortgages dearer. The adjustment is paid for by families, who never got…
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