The middle class in the West has been shrinking for years, but after the covid crisis and especially after the inflation explosion, whatever was left of it is now basically under threat of extinction. This [more…]
I think I’ve mentioned this before on these very pages. Perhaps it’s because I am of a certain age and demeanour. Is it the slightly haggard, worldly look or a hint of exotic places in [more…]
7th December – At Sea I can hardly believe that today is the 7th day of my cruise time is flying by. We are heading on a course of 244°, approximately south westerly and it [more…]
As I’ve said before during this series of posts, following my recent trip to The Sub Continent, India is a land of often stark contrasts. Its population (official figure) is approaching 1.5 billion people, nobody [more…]
It hasn’t been a great year, no change there then. Yet another event has divided people, this time Ukraine – Covid previously. I can’t say I understand the Ukraine/Russia divide, supporting either side to me [more…]
Some more on the background context of how Kenya got to where it currently is. The presidential contest election was effectively a two-horse race between Deputy President William Ruto and veteran politician Raila Odinga. Neither [more…]
Science, like a sport, is an art that’s well practised. To lose educates you more than to win instantly. Okay, that’s corny but I’ve found that my project failures have taught me more information and [more…]
By now even Treasury officials and central banks recognise that their practice of Quantitative Easing has run its course. In its contemporary form, QE began a dozen years ago as a temporary emergency measure enacted [more…]
Banking came up with its own methods of inflating the supply of legal tender-fiat money, fractional reserve lending. A bank comes to know (a version of the dispersal of knowledge of the market) how much [more…]
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