A crash without a cause… yet

It’s one of the worst on record. It’s perhaps the worst once you factor in the combined losses in stocks and bonds. Or how much…

The sanctions will continue until morale improves

Vladimir Putin invaded Ukraine. But he wasn’t the one to impose sanctions on Russian energy. So, who will get the blame for the West’s energy…

Hedonic adjustments and inflation Down Under

Years ago, at the Rugby 7s in New Zealand, I found myself talking to a young lady from England. She’d found a working holiday job…