Reminding us that the left-right divide is Europe is completely different from in the States.Why does the left have such a problem with people who are different?
Michael Kinsley, who I think was employed by The Economist early in his career, wrote a scathing send-up of the magazine years ago. Couldn't find it just now, but the gist of it was that they hired kids just out of journalism school and had them write articles of the general form, "Such and such is a problem. But what if X is the solution? That being the case ...," and then write the rest of the article accepting that X was in fact the solution -- a solution always agreeing with The Economist's free market preferences -- and outlining all of the policy steps that should follow this received wisdom, never acknowledging that it had been tossed out as a conjecture with no evidence or argument to support it.
It has bounced back to Friday’s (record low) close now. But here is a related thought. If, in June of 2020, you took $100 and bought the newly issued 30-year UK gilt, you would today have a position worth about $37 (including the coupon income received along the way).
“How did you go bankrupt? - Two ways. Gradually and then suddenly.” The Sun Also Rises
Yawn.Stamp duty, that's so 80s.