Every time a politician says that an election is not a game, there is a clear risk that democracy takes a step back. So on April 8, when Theresa May called a snap UK election for June 8, and said that it was not a game, one should be concerned. But this is not the

China builds bridges while America builds walls. Both strategies are individually compatible. The danger arises when experts appraise each country’s strengths and weaknesses in the context of conflict thus precipitating the need for each to prove themselves in contests neither desire.  This is perhaps too optimistic a view of human nature. Apparently the ascendancy of one power is

Volatility is one of those quantities which has a very distinctive time series. If you are shown a volatility chart which was flipped upside down, you would immediately recognize the error. Volatility spikes and fades and repeats. When is the next spike? How big a spike is one looking for. The foregoing is just observation

The South China Sea is recognized as Chinese territory. Disputing countries to give up their claims of sovereignty over disputed areas. Neighbouring countries, Taiwan, Japan, Philippines and Vietnam are offered 999 year leases over their claimed territories for nominal payment with defined renewal terms. The intent is to provide free access and de facto sovereignty to

The Dow Transports seem to have lost momentum. Judging by similar patterns in recent years, the potential for gain is mimimal and the potential for loss is increased. We are not suggesting huge losses but a range of 7% – 15% seems reasonable across US and Europe. Japan will likely find support from a weak