Geopolitics

Charm City has gone to the dogs, literally

Real estate prices never go down? By our estimates, Baltimore property prices have been in decline for nearly 100 years. And it’s only getting worse…

Debt explains Labour’s “odd habits of locomotion”

Politicians have talked about debt and deficits for decades. But it was just a political hockey puck to pass around. Until Liz Truss changed everything.

Is the War for Immigrants over already?

In 2019 I claimed the Western world is about to have “a War for Immigrants”. That has since come to pass, with immigration rates ballooning. Now what?

The problems are bipartisan

The candidates are like two drunken bus drivers, each racing to the same washed-out bridge. One may do a little better job of staying in his lane, but...

Will CCS save the planet… or destroy us?

Even under the most optimistic scenarios, we won’t be able to decarbonise everything we do. Which begs the question how we’ll reach net zero by 2050…

The Maldives are underwater after all… on their debt

In net zero, governments are embarking on the costliest project in the history of humanity. And from a position of dangerously high debt to begin with.

What’ll snap GDP’s suspension bridge? The army knows…

The world’s major economies are stuck in the doldrums, or likely to enter them. This synchronisation creates an unusually high risk of a major economic crisis.

The penny drops on the cost of net zero

For years we’ve been warning that the transition to net zero is simply too expensive. Now that the mainstream media has cottoned on, what happens next?

The latest property fix will work as well as the last century’s

We soar over the big picture today... and splash down into the swamp of details. Ms. Harris proposes to give first-time house buyers a $25,000 gift.

Good news for the swamp critters

Presidential hopeful Kamala Harris says it’s time for a change. A funny thing to say when you’ve been the Vice President for the last three and a half years.

Why the culture wars are getting violent

It’s easy to get along with people who have no power over you. Their opinions don’t really matter. But what happens when you introduce power into this mix?

Will President Trump get the Liz Truss treatment?

The Deep State got rid of Liz Truss. Is President Trump next? The groundwork is already being laid in the bond market. Investors should prepare.

5 ways to potentially profit from the failure of net zero

It’s been three years since I warned, “Don’t Join The Children’s [Climate] Crusade.” And one year since identifying “Net Zero’s Metallic Dissonance”. Now what?

The US election is an advance auction of borrowed goods

The last few days have brought the usual election-year claptrap. Kamala’s supposedly plans to tax her own donors. And Trump’s tariffs are a tax on the poor.

Has democracy failed on immigration?

We look like a complete bunch of plonkers to the Japanese. How hard can it be? If you don’t want more immigration, you just stop issuing visas. Why the fuss?

Even nuclear can’t save us now…

When the Irish defenders of Aughrim Castle opened their ammunition boxes, they discovered that English musket balls were too big for French flintlocks.

Labour is paving the road to net zero with good intentions

Governments are abandoning net zero. Companies are abandoning net zero. But the UK is turning back to net zero. What could possibly go wrong?

Don’t worry, the government will save you

No political theory can explain the dysfunction of our institutions. Perhaps they’ve just gotten so big that they don’t care about what policies are imposed.

Wall Street sells investments, not capital gains

One of the great virtues of capitalism is that people can buy what they want... and get what they deserve.

The Olympics, hard power, oil wars and the US election

The Olympics is all about soft power, but in the Middle East, hard power still dominates, with scary implications for energy markets and the global inflation narrative.