Big Ideas Fall Apart

The dust continues to settle after the Brexit earthquake. US markets stabilized today, but it appears to be a “dead cat bounce” or a technical upturn as short positions are covered. It comes from the saying that even a dead cat will bounce up one story after falling off a ten story building. It certainly feels like that kind of week, especially if you think about whatever dead animals might account for the ridiculous hair of Donald Trump and/or Boris Johnson.

Then again, it hasn’t been a week yet.

For all the comparisons between this vote and the Trump phenom, they still don’t do this situation justice. People all over the world are recoiling from opening up markets and generally moving closer together. The threat to the EU is far from done as “euroskeptics” on the continent will certainly be emboldened – as will globalskeptics around the world. What has gone wrong?

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Age of Anxiety

After the mechanized cruelty and destruction of World War II, two important works of literature tried to capture the feeling of despair.  Along with well known 1984(1948) by George Orwell, there is the lesser known Age of Anxiety (1947) by W H Auden.  Both of these cast a shadow we still live under, twisting our language to defy and define a mechanical world not entirely fit for humans.  Auden’s more romantic treatment is worth the read if for no reason other than its resonance today. Continue reading