BENN STEIL A Wall Street Journal op-ed about the Federal Open Market Committee. This article is accompanied by a link to the Brookings website for a response by Ben Bernanke, and a further response by Steil: Bernanke Responds The former Fed Chair reacts to Benn Steil’s WSJ op-ed. “If you want to understand and predict […]
From a speech by former prime minister Brian Mulroney at Oxford University on May 28.
This is a superb discussion of what leadership is about—in the Cold War, the Quebec crisis, the Scottish drive for independence, and the challenge of getting democracies to support free trade.
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This article is discussed in Don’s May 29, 2015 Weekly Call. The International Monetary Fund has called on the Bank of Japan to expand its monetary easing in an all-out effort to push inflation to 2 per cent. Click to read the article..
This article, co-authored by Henry Kissinger and George P. Shultz is discussed in Don’s April 10, 2015 Call. continue reading
James Macintosh Bets against long duration bonds can hurt. Continue Reading
Also published in the Globe and Mail print edition and online for the Globe Investor, Inside the Market.
Oil’s Swoon Sinks the Loon?
The 42-per-cent collapse in crude oil prices since June has been a huge blow to Canadian equity prices, and has sent the loonie diving 7 per cent at a time the Canadian economy is widely admired and strong, compared with most economies in the industrial world.
What hit the TSX and the Canadian economy so suddenly?
Rail Industry’s Secret: Volatile Crude Routes Often Kept From Cities and Towns Dec. 3, 2014: Early last year, a new kind of pipeline full of volatile oil appeared in this college town, halfway between Philadelphia and Baltimore. If it had been a traditional pipeline, there would have been government hearings and environmental reviews. There would […]
Barchester Towers by Anthony Trollope. Written at a time when Dickens was all the rage. It deliberately seeks to compete for readers with him by avoiding discussions of poverty, pain and misery. It concentrated on the Anglican Church at the time of its greatest glory and its humor comes from the intricacies of the various officials in a Cathedral town. Anglophiles will enjoy it. Anglophobes will be bored.
Dark Star by Alan Furst. Not just a great spy novel, but a well-researched analysis of the relationship between Germany and Russia and their spies as WW II was looming — and until Hitler invaded Russia
Libya is in civil war, fundamentalist armies are building a self-declared caliphate across Syria and Iraq and Afghanistan’s young democracy is on the verge of paralysis. To these troubles are added a resurgence of tensions with Russia and a relationship with China divided between pledges of cooperation and public recrimination. The concept of order that […]