Monday, May 21, 2018

Unibail Rodamco And Westfield – Markets Don’t Really Work Quite Like That

It's entirely true that there's money to be made even in a declining market. Being better at making a return on capital than the competition will see to that. And it's also equally obvious that retail isn't dead. It's suffering some pressures from online,...

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US China Agreement – But Countries Don’t Trade With Each Other, People Do

This latest announcement about the trade spat between the US and China shows a certain lack of understanding of the basics here. For they've gleefully stated that China will buy more US goods, thereby closing that bilateral trade deficit. The problem here being that it isn't actually countries that...

These People Are Losing Their Minds Over Trump And Russia

Yes, it's OK, we get it. Progressives are simply incandescent with rage over the manner in which some boor beat the most qualified presidential candidate ever. And the mere thought that they have to share a country with so many who vote for him unhinges. Then there are the...

Of Course Germany Can Spend A Military Budget – Ever Heard Of Maintenance?

There are times that I - or you - look at a political debate and end up asking ourselves "What in buggery are these people talking about?" No, not the usual sort of wibble when some grandmother starts to screech about the ickle ones, but when seemingly sensible people...

A Barbecue Is What You Buy When You Want It To Rain

We might consider this to be the new European upgrade to the older British thought, that an umbrella is what you leave at home when you want it to rain*. That a barbecue is something that is bought when that cloudburst is desired. Certainly it has just worked for...

Royal Weddings – And Assortative Mating – Increase Inequality

We were all half expecting the Independent to run with "Harold Wales married some American bird" as their headline upon this wedding matter. Instead they've treated us to something upon how assortative mating leads to increased inequality. Either and both stories are true of course, but it's the second...

The Observer On Sir Philip Green And BHS- How Does This Work Then?

It is necessary to ponder a moment to grasp the full idiocy of this view being promulgated by The Observer. One must taste the argument, gnaw on it a little, in order to discover that it's spun cotton candy rather than anything of substance. Worse than that in fact,...

The Entire And Total Explanation For The Vote Leave/Facebook Shouting About Cheating

Quite why everyone is shouting so much about minor money peccadillos at the Vote Leave campaign is difficult to understand. Unless, and until, we get to the root reason when all becomes clear. And we are getting all sorts of nonsense thrown around. For example, lots of money was spent...

How the UK rediscovered Gin

Gin may have been "Mother's ruin," and it may have been the cause of the dissolution and depravity featured in Hogarth's "Gin Lane," but it's undoubtedly made a big comeback.  Indeed, it was the booze story of 2017, says the Guardian amongst others, and shows no sign of fading. The...

THE METROPOLITANS — Episode Eleven

A saga of everyday life in the Big L and a wry look at contemporary culture Episode Eleven   The door opened, and Fatima came in. ‘How’s your head.’ ‘Much better, thanks.’ He shifted a bit. His vision swam briefly before settling down again. ‘I’m all set to get back to work.’ ‘The doctor...

No, Seriously Folks, Data Is Not The New Oil

A commonplace of our times is that data is the new oil. An unfortunate thing for people to think for it's entirely bass ackwards - data ain't the new oil at all, it's entirely the opposite in economic terms. And, of course, we're being asked to think of this...

Apple’s $1.8 Billion Tax Backpayment To Ireland Is Not A Fine

It has to be said that there's a certain amusement that Apple is now paying some parts of that tax bill to Ireland. The first $1.8 billion has been delivered, so we hear. The amusement that this is coming mere months after the changes to the US tax laws...

Clear And Obvious Protectionism – A Cartel Forming – In The Napa Valley

We are all warned that the American economy is becoming more concentrated. There are fewer producers of any one thing, each of them thereby gaining more market power. It is this which explains the rise in the profit rate, the stagnation of the workers' real wages. OK, I don't...

An Important Difference – Structural Or Cyclical Decline On The Railways?

This is an interesting little spanner being thrown in the works. For we've - as we all too bloody well know - that insistence that we must all be paying much more in taxes so the politicians can go build new train sets. But we've also got a decline...

Cute Statistic – So Remote The Closest Humans Are On The Space Station

The Guardian tells us of Point Nemo, a place so remote that often enough the closest human beings are those on the International Space Station. I for one rather doubt that statistic, as Point Nemo is in the Great Pacific Gyre. And judging by the number of reports we...

Trump’s Planned Parenthood Restrictions Seem Fair Enough

Donald Trump is bringing in some further restrictions upon what Planned Parenthood - and others - can do with the Federal funding they receive. And if we're honest about it the restrictions seem fair enough. This is so whether you're like me and against the basic idea of abortion...

Idiot Report Of The Day – Britain Needs 4 Million More Houses

We're all going to dismiss this latest report from the homelessness mongers as being silly, idiocy even. Which is something that we shouldn't do, not without examining it a little further. After we've done so we can revert back to calling it idiocy of course. Because they've entirely and...

Truism Of The Day – England Would Rather Lose Scotland Than Gibraltar

This is quite lovely, someone has done a survey wondering whether, post-Brexit, we English gammons would prefer to lose Scotland or Gibraltar. The answer being that we'd be much more worried about losing the 30,000 who pay for themselves than the 5 million who don't. Funny that really. This...