mainly macro

  In my last post of 2024 I noted that the main political battles in many countries would be between on the one hand socially conservative ...

  As I and many others noted after Trump won, real median household income didn’t grow nearly as much under Biden as it did during Trump’s ...

As this will be the last blog until 2025, I thought I’d make it a bit more substantive than usual. Normal service will be resumed in 2025. ...

  I had a conversation on social media recently that went a bit like this (and I’m paraphrasing): ‘I want massive reductions in immigrat...

  Rachel Reeves is absolutely right to make investment her watchword as Chancellor. So many of our current problems come from lack of invest...