Friday , February 23 2018
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Tag Archives: recession

The Potemkin economy

Potemkin economy

There is an old folk story concerning Grigory Potemkin, the governor of Russia’s southern provinces in 1774.  According to the tale, to hide high rates of poverty from the Russian Empress Catherine the Great, Potemkin ordered the construction of artificial villages along the banks of the Dnieper River as the Royal …

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The year of the white swan

White Swan

Economists attempt to explain away the failure of their forecasts with the metaphor of the black swan – something so rare and unexpected that nobody can be held responsible for failing to notice it.  The Great Financial Accident of 2008, the DotCom bubble and the stock market crash of 1987, …

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Hard Brexit is the best option for Remainers

Brexit economy

The gut response of many Remainers is to support the softest of soft Brexits as the best alternative to remaining within the European Union.  In similar vein, hardcore Leave voters are determined that the only choice on offer should be a hard Brexit or no deal at all; with Britain …

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Not the Brexit election Mrs May expected

UK election 2017

The British general election on 8 June was meant to be The Brexit Election that would provide incumbent Prime Minister Theresa May with the strong and stable majority with which to go into battle against the EU 27. It didn’t turn out that way though.  A strong Labour campaign worked …

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