The First World War ended ninety-one years ago.
Archive for the ‘France’ Category
Once upon a time, there was a hedge fund named Hermitage Capital. Its head was Bill Browder, and it had the clever idea, back during the Yeltsin Administration, of investing Western capital in Russia. It worked spectacularly well, until it didn’t:
Browder is a smart guy. He made a lot of money and managed to get his money and his life out of the country, which would be reason enough for me to refrain from paying for Youtube videos naming the Russian government agents who defrauded me. (more…)
Economista Non Grata asks about the rumors that the dollar will be replaced as a reserve currency. Allow me to try to get to it via something completely different – the Krug’s excellent diagram of what is going on in Bernanke’s mind:
There are times I kick myself for not coming up with stuff like this myself. Then I realize I don’t know how to post my own graphics to WordPress. And I don’t have a Nobel Prize. So I’m going to have to use a lot of words. (more…)