Last week, driving through a nearby suburb, I had to brake sharply to avoid a pallid youth who stepped trance-like into the street without looking at the traffic. I learned from my son that he was probably chasing a purple blob on his cellphone, playing Pokemon Go. This, together with the sad story of the […]

Japan’s prime minister Shinzo Abe appears to have won a supermajority in the Diet’s Upper House, with the Komeito party’s help, enabling him to change the constitution. He has now announced that his first priority, before changing the constitution, will be another $100 billion government spending program. Given the sorry state of the economy, we […]

When Britain joined the future European Union in 1973, it appeared to be improving its economic outlook by doing so. Certainly when I foolishly voted “Yes” in the 1975 Referendum I thought so. Europe seemed the only bright possibility for the appallingly run United Kingdom, with 25% inflation that year and a Labor government leftist […]

Active stock investing is going increasingly out of fashion, as managers underperform their respective indexes and fiduciaries recommend indexed investment. I understand the rationale for this, but it leaves one massive question hanging: if the vast majority of investment becomes indexed, who is going to do the necessary work of capital allocation? Without that being […]