DABERIAM LXXXII

My last note mentioned the Ukraine situation as being exceedingly dangerous. The country dissolved into chaos that had partly come about as a result of the EU offering to let them join, and then encouraging dissent when the President had vetoed the idea...

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DABERIAM LXXXI

2013 turned out to be a remarkable year from the point of view of stock market recoveries. Nearly all markets rose, producing gains of between 20% and 30% in general: exceptional growth by any standard. January and February have, of course - and really inevitably - produced a nervous reaction...

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DABERIAM LXXX

It seems a long time since October when the US government decided to frighten the world’s financial systems by taking party political bickering to within a whisker of causing the government to default. The pantomime passed and the curtain came down but the lasting impression left on thinking people in the rest of the world is that the US system of Government is dangerously dysfunctional...

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DABERIAM LXXIX

In August, when I last put pen to paper, the final sentence read: “There are dramatic changes afoot in the world order.” Since then the US politicians decided to add a further layer of chaos to the financial system...

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DABERIAM LXXVIII

After the excitement of visiting Los Angeles and Beijing, with a side-trip to North Dakota to see a fracking spread, all in July, returning has been less depressing than I had expected. The European economy, including the UK, seems to have stabilised...

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