OK let’s cut the hyperbole. The current crisis is about to end. This doesn’t mean there won’t be more, indeed I suggest there will be many more, but for now this particular one is about to end. And it will end as a crushing defeat for the Ultra extremists. It will take an election or […]

A quick note to refer you to John Kay’s article in today’s Financial Times. By and large I think he nails the oddity of the quasi-Nobel committee’s choice this year. This paragraph stood out to me: “But we do not have to believe, like Prof Fama, that we all correspond to his concept of rationality […]