Have you tried turning it off, and turning it on again?

| Mar 28, 2019 at 12:00 AM

* In the interminably tedious UK-EU divorce, the following has happened. The UK prime minister will resign if the government deal succeeds, and will stay if it fails. The UK opposition leader backs a referendum if in opposition, but opposes a referendum if in government. Parliament rejects everything. Turning the process off and on again […]

Have you tried turning it off, and turning it on again?

| Mar 28, 2019 at 12:00 AM

* In the interminably tedious UK-EU divorce, the following has happened. The UK prime minister will resign if the government deal succeeds, and will stay if it fails. The UK opposition leader backs a referendum if in opposition, but opposes a referendum if in government. Parliament rejects everything. Turning the process off and on again […]

Explaining the inexplicable

| Mar 27, 2019 at 12:00 AM

* There are ECB speakers everywhere today. Soon-to-be-replaced President Draghi and outgoing Chief Economist Praet head the list. Sentiment data allows a cautious outlook. Actual economic data allows a positive economic outlook. (The gap between sentiment and real world data is very wide). Speakers can explain the outlook however they want. * US President Trump’s […]