So that Michael Lewis – you know, the one who writes articles about how stupid Icelanders were. Via The Oil and the Glory, here’s what he was saying in January, 2007, just as the last bulls in the US housing market’s dizziest bubbles finally cracked and the big plummet began. Here it is. But the…
Read More Don’t read Michael Lewis articles, do check if he’s still writingIs it meaningful to say that the Egyptian revolution is calming down, or petering out? I ask because a common flaw of the reporting on it has been to treat the basic dynamics of mobilisation as if they were signs of huge political shifts behind the curtain. It’s obviously true that both revolutionaries and reactionaries…
Read More From the noisy phase to the quiet phaseWell, ha ha. But I do think we should note that David Cameron’s appointment as Prime Minister was greeted by the markets with a dramatic spike in the price of gold, not usually seen as a vote of confidence. Here’s the data, at Felix Salmon’s; as he points out, trying to map events in consensus…
Read More Flushing the cacheThe Institute for Public Policy Research has issued a report on the correlates of BNP membership and support (pdf). Fascinatingly, they reckon that there is very little or no correlation between BNP support and key socio-economic indicators like GVA per capita, growth, unemployment, immigration, etc. It’s as if a typical BNP supporter was, well, a…
Read More IPPR: I agree with…Ill-coordinated links. Great news in RepRapping – South Korean scientists have succeeded in getting bacteria to make polylactic acid. PLA is the RepRap project’s favourite feedstock because it’s a reasonably tractable, general purpose plastic that can be synthesised from starch. The synthesis is not exactly simple, which is why outsourcing the job to germs is…
Read More links, the light alternative to writingThe Grauniad asked 21 of its opinion writers to make predictions for 2009. As a service, and to force Daniel Davies’ hand into starting his planned Predictions-L mailing list, I’ve shorterised each one and reflected briefly on it. The full texts are here. 1) Jackie Ashley thinks the Lib Dems may be powerbrokers in a…
Read More predictions are difficult, except about Martin Kettlethink I’ve said before that I find public sector accounts incredibly weird. Here’s a great example; it’s a very good FT story on the bank nationalisation plan and how it affects the national finances. Bizarrely, the £25-50bn of government bond issuance required to raise the money probably won’t count towards the public sector net cash…
Read More HOWTO: remove giant statue of Sir Fred GoodwinPakistan Policy Blog speaks sense: Zardari’s attempt to present himself as a savior belies the reality and the way most in Pakistan and even the United States see him. Billionaire Zardari is part of Pakistan’s feuding oligarchy, not a revolutionary against it. The sad fact is that most Pakistanis have been hostage to this sadistic…
Read More stuck, stuck, stuckRecently, our dear duckspeaker Philip Hammond MP had his local talking points cache refreshed. He’s now constantly saying that the Government is causing “uncertainty” in the housing market because they haven’t decided whether or not to cut stamp duty, and that this is a problem. Both statements are of course completely vacuous at best, and…
Read More Hammond’s Sauce Works BandSaid Sir Michael Rose, speaking at the SAS passing-out parade in 1979: One intelligent soldier can achieve more than a fleet of B-52s. There’s some debate as to whether that statement could be applied to Rose himself, but I doubt many would disagree with it. David Davis apparently agrees. His resignation from Parliament should be…
Read More one intelligent soldier