CBS Eye on the World with John Batchelor: #France: #Scotland: #MrMarket: Remembering a rare Cross-Atlantic hurricane and the Bear Market of October 19, 1987

 By SIMON CONSTABLE

Listen here.

Bagmoor Wood, Log Pile by Colin Smith, CC BY-SA 2.0, 

via Wikimedia Commons

WSJ: Financial Flashback -- the Crash of 1987

By SIMON CONSTABLE

Exclusively in the print version of The Wall Street Journal

CBS Eye on the World with John Batcehlor: #OPEC #Russia #EU The price of energy is not going lower

 By SIMON CONSTABLE

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Post of Azerbaijan, Public domain, 

via Wikimedia Commons

Briefings Magazine: The Central Bank Dip

 By SIMON CONSTABLE

What a difference a few decades make. In 1982, the reputation of the Federal Reserve was riding high after its leader Paul Volcker had deftly tamed the double-digit inflation that blighted the US economy during the late 1970s. A year later, when Hong Kong suffered a currency crisis, the Fed’s tangential involvement played an essential part in lifting the then-British territory out of economic and political turmoil. While the Fed’s glow lasted into the early 21st century, the institution now seems to have lost some of its luster, as have other major central banks, according to some experts. Read more here.

Stone on the Wall of the Federal Reserve Bank of New York

Benji the Pen, CC BY-SA 4.0, via Wikimedia Commons

CBS Eye on the World with John Batchelor: #UK #France The rousing Truss/Kwarteng energy scramble, supply side tumult.

 By SIMON CONSTABLE 

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Liz Truss, British Prime Minister

Simon Dawson / No10 Downing Street, OGL 3, 

via Wikimedia Commons

Forbes: What’s The Problem? UK Economic Policy Mirrors Successful 1980s U.S. Effort

By SIMON CONSTABLE

The snarks keep on coming for Britain’s new Prime Minister and finance chief.  

Just a few days into their new jobs, Liz Russ (PM) and Kwasi Kwarteng have received a barrage of criticism for introducing some new economic policies, including tax cuts. 

But the critics seem to have gotten the wrong end of the stick. Read more here.

Kwasi Kwarteng

UK Government, OGL 3, via Wikimedia Commons

Forbes: Scottish Equality Goals Undermined As Top Colleges Favor The Well-Heeled

By SIMON CONSTABLE

Scotland’s stance on higher education should be a poster-child for public policy gone awry. In short, the outcome is the opposite of what the ruling Scottish National Party (SNP) says it desires. Read more here.

University of St. Andrews

Holger Uwe Schmitt, CC BY-SA 4.0, via Wikimedia Commons