Populism has very old roots; and it comes and goes in waves In modern times, populist parties rarely win elections. Their ideas triumph anyway. The populist victories in 2016/17 make this a very unusual time Populism is not the ultimate expression of a democracy. On the contrary, it is a…
Broad money growth in all four large advanced economies is healthy, but slowing Crucially, the growth of non-bank financial institutions’ money holdings is subdued Money data point to continued but somewhat less support for assets As we enter into 2018, broad money growth in all major advanced economies is presenting…
Very pleasant breakfast on the whole and very friendly service, eager to please. Nice selection of bread and cold cuts, and opportunities for extras. However, surprisingly for a hotel in The Netherlands, no cheese at all. That, and the lack of loose-leaf tea – somewhat off-set by glasses for tea…
22-28 December, 2017 Breakfast on Shabbat (the first three pictures) a very basic buffet, one type of bread only and fairly sparse, but understandably so. No challah, which is surprising. During weekdays it’s different. You get a nice little tray with bread and condiments (varying from olives and jams and…
21-22 December, 2017 Nice enough, but, by Israeli standards perhaps less good than could have been expected, notably on the bread front. However, the choice of breads improved on the second day, on which they also added shakshuka, a major plus. 6.5/10.
20 December, 2017. We were upgraded to First Class on the flight to Israel. The breakfast shows that you can get excellent food on a plane as well. If you fly First Class. But, given the cost of a First Class ticket, is it worth it? 6/10 .
We had an extra night in St Petersburg, courtesy of British Airways and bad weather in London, so this is from 11th December 2017. This was a very nice spread, although the bread choice continues to disappoint. Even so, 5/10.
7-10 December 2017. Nice breakfast, the bread and the tea selection (given that this is Russia) perhaps a little bit disappointing. But a reasonable spread, with enough choice and nice fish. 5/10.
Served on BA878 to St Petersburg, 7th December 2017. The egg & cheese omelette was not bad, the toast decent (difficult on a plane). Airplane food is generally not so great, but, as such, I’d still give this a 3 out of 10.
Bond markets move in long – secular – cycles, with at least five since the 1870s After a bull market since 1982, we are now likely headed for a multi-decade bear market However, bond yields are unlikely to reach levels seen from the 1970s to the mid-1990s Bond markets, like…
