Many articles claim that Trump's proposed surge in import tariffs (eg, Canada & Mexico, BRICS nations) will cause a surge in inflation. In and of itself, that (primary) argument is true. However, such articles often ignore its secondary impact, on demand & supply. Rising inflation will only be relevant for goods & services that we need. Items that we...
Monday, the Dutch PM said something that (very) many people (probably) believe as well: migrant integration has failed (eg, Volkskrant). In my view, not only in the Netherlands but also in Europe and in USA. Blaming Angela Merkel’s 2015 comment (“Wir schaffen das”) is relevant though too simple. The context of the PM’s remark is relevant: the Amsterdam soccer riots....
It has been quite a while that I used external articles for my blogs. This Axios Macro article deserves my exception. I believe in the validity of its contents. Actually, I’m glad that its full impact will (probably) be after my demise. I’m one of the reasons why there already is a labor shortage. My 2013 decision was involuntary due a severe burn-out and subsequent...
The incompetence of UK Conservatives (a.k.a. Tories) has been severely penalised after their chaotic reign of 14 years (2010-2024). However, incompetence seems to be a British rather than a Tory attitude. Hence, the question in my blog title. Also see my related blogs on (legendary) British incompetence: 2018: Why the UK excels at mismanaging expectations (FT);...
A recent Bloomberg article is responsible for the question in my blog title: China Premier Warns Decoupling Will Lead to ‘Destructive Spiral’. My 2 April 2024 blog questioned a related topic: Inflation: from supply-side to demand-side? Like my 4 April 2023 blog, I concluded that “we are stuck with supply-side inflation.” My 2023 and 2024 blogs did,...
In principle, my blog title is a contradiction in terms. Hence, the answer to my question above might well be: never. Still, some compulsive liars will allow us to use a (simple) technique, like reverse speech. I suppose that most liars are (much) more sophisticated. In my view, nearly everything that Donald Trump says is the (exact) opposite of facts or objective...
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