This is the way the world ends, not with a bang but a flooding: With apologies to T. S. Eliot
THE DEVIL OF MONEY
We see people of adventure
who hunt this curse
To lock it in their purse
each judges one’s misfortune
that to make awful times better
one would have to stop the blither.
All of you who criticise the spirit of this image,
have you never paid money any homage?
These warriors, these scholars, these learned doctors,
I’m mesmerised by a beautiful system
Full name is spelled De-mo-cra-cy
It demands trust in a ma-jo-ri-ty
A barking pack of dreadful MAGA men
When half of the people plus one are dumb
And the others are super-intelligent like me
Not a chance we have to really be
Anything but full of stark darkly glum
Trump plays to enter all conversations
Most Asian share markets are mixed despite a solid lead from Wall Street overnight, with local stocks taking back their recent losses despite the constant bullying from the Trump regime’s tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way, but of course we still await the TACO trade. Oil markets are
The post Macro Afternoon appeared first on MacroBusiness.
Without resistance, a combination of new laws and new technologies of control will rush us towards dystopia.
By George Monbiot, published in the Guardian 4th July 2025
No one can be trusted with power. Any government will oppress its people if not constantly and inventively challenged. And the task becomes ever-more urgent as new technologies of surveillance and control are developed.
This is why. The Guardian. The West Australian Labor premier, Roger Cook, has encouraged his federal counterparts to consider a gas reserve on the east coast as it mulls a regulatory overhaul to shore up supply and contain prices. Cook said WA’s gas reservation policy, which requires offshore producers set aside 15% of supplies for
The Reserve Bank of New Zealand paused following the RBA this week. The decision was expected. ANZ sees it as temporary. Our view on today’s decision was that the recent soft data justified another 25bp OCR cut, but that lingering concerns about upside inflation risks would on balance see the Committee decide to hold the
