Really: all that's needed to end private equity -- one of those parasitic scams sucking our life away -- is for the Fed to raise rates back to something approximating reality. Like the related cottage industry of share buybacks, it's an equity-destroying, debt-proliferating industry unthinkable without the Greenspan-Bernanke-Yellen-Powell era of ultra-low, ultra-absurd interest rates. And we now have 7+ percent inflation, yet short rates still hover near zero. The most negative real rates in history. Expect more dramatic action in commodities and other real assets, a la the 1970s.
(Karen Petrou, Engine of Inequality, is your starting point about the noxious effect of Fed policy.)
Looking forward to the Jóhann Jóhannsson/Drone Mass. I hear echoes of Messiaen.
I hope "White House to take 100,000 Ukrainian refugees" doesn't mean they'll live in the basement of 1600 Pennsylvania Ave.
Madeleine Albright was definitely a non-believer in "Middle East adventurism" and a skeptic of direct American military involvement, if you know anything about her views. She was well inside the standard postwar liberal internationalist tradition, concentrating on alliances with like-minded democratic countries and effective international institutions. Outside that orbit are more problematic, mainly transactional relationships with dictatorships and authoritarian governments, where you have to maintain some distance and direct involvement is probably a bad idea.
Kudos for mentioning Biblical Archaeology Society. You know, someone at The Daily Scroll is tasteful, discerning, and culturally literate. Who knew? ;-)
Doubled NATO presence “in the eastern part of the Alliance,” a regiment of nearly 40,000 air, sea, and land troops, with some 10,500 allied troops stationed in Poland” ? If NATO chief actually said a “regiment” of 40k land/ air/sea troops, it is either a serious translation error or something worse… And if the NATO total troop level is only 40k, it is pathetically small.
Really: all that's needed to end private equity -- one of those parasitic scams sucking our life away -- is for the Fed to raise rates back to something approximating reality. Like the related cottage industry of share buybacks, it's an equity-destroying, debt-proliferating industry unthinkable without the Greenspan-Bernanke-Yellen-Powell era of ultra-low, ultra-absurd interest rates. And we now have 7+ percent inflation, yet short rates still hover near zero. The most negative real rates in history. Expect more dramatic action in commodities and other real assets, a la the 1970s.
(Karen Petrou, Engine of Inequality, is your starting point about the noxious effect of Fed policy.)
Looking forward to the Jóhann Jóhannsson/Drone Mass. I hear echoes of Messiaen.
I hope "White House to take 100,000 Ukrainian refugees" doesn't mean they'll live in the basement of 1600 Pennsylvania Ave.
Madeleine Albright was definitely a non-believer in "Middle East adventurism" and a skeptic of direct American military involvement, if you know anything about her views. She was well inside the standard postwar liberal internationalist tradition, concentrating on alliances with like-minded democratic countries and effective international institutions. Outside that orbit are more problematic, mainly transactional relationships with dictatorships and authoritarian governments, where you have to maintain some distance and direct involvement is probably a bad idea.
Kudos for mentioning Biblical Archaeology Society. You know, someone at The Daily Scroll is tasteful, discerning, and culturally literate. Who knew? ;-)
Doubled NATO presence “in the eastern part of the Alliance,” a regiment of nearly 40,000 air, sea, and land troops, with some 10,500 allied troops stationed in Poland” ? If NATO chief actually said a “regiment” of 40k land/ air/sea troops, it is either a serious translation error or something worse… And if the NATO total troop level is only 40k, it is pathetically small.