07/27/2014

Bedtime for Bondo by Tim Price

They call them ‘junk bonds’ for a reason. They now constitute an offence against linguistic decency: ‘high yield’ no longer even is.

07/20/2014

Wood will burn by Tim Price

I am definitely concerned. When was [the cyclically adjusted P/E ratio or CAPE] higher than it is now?

07/14/2014

Happy Bastille Day by Justin Urquhart Stewart

Bastille Day is a day for national celebration and pride, and of course the events that followed the original day led to the imprisonment of the head of state and his eventual decapitation.