DABERIAM LXXXVIII

My last comments in November were somewhat pessimistic, particularly with regard to Europe, and this pessimism grows. It is now clear that the European Central Bank has finally capitulated to implementing Quantitative Easing...

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DABERIAM LXXXV

At the beginning of July most of the problems of the world had been on the agenda and discussed and debated for many months. During July and the first half of August, however, various issues seem to have coalesced and are giving more reasons for worry...

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DABERIAM LXXXIII

It seems a long time since March when I last put pen to paper. The level of worry has remained high – newspapers, television, etc. are full of “concerns” but very little has really changed since Christmas so most news can be classified as “noise” or motion signifying action. Underlying the noise, however, some serious political trends are developing...

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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 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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