Brexit

Britain’s Dis-United Kingdom

“The risk is that moderates will be squeezed out as right and left inflame politics and provoke each other to move to the extremes.” —The Economist Last week we took a look at the Big 3, that is, the three biggest democracies in the world not counting the U.S. What we found was that, once …

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Waking Up on the Wrong Side of History, Part II

The European political elite [has developed] a habit of profound disrespect for public opinion and democratic process – John Plender in the Financial Times In my last post, on Brexit, I argued that the so-called “enlightened” Remain voters in London were, in fact, blinded by their own economic self-interest, while it was the so-called “uneducated, …

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Waking Up on the Wrong Side of History

On Friday morning, June 24, 2016, the entire Euro-American establishment woke up to find that, contrary to their strict instructions, the British had voted to leave the EU. In an effort to ensure that the “Remain” camp would prevail, the establishment had actually threatened voters. UK Chancellor Osborne menacingly warned that if the “Leave” camp …

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Brexit Grexit Nexit Kerflop

The EU’s leaders “cling to the decaying corpse of a European super nation-state with no clue as to what alternative other than breakup and secession there might be.– Philip Bobbitt, Stratfor I’m right in the middle of a series of posts on how best to navigate a new era of very low equity and fixed …

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The British Vote and Pittsburgh’s Demographics

We’re all trying to figure out the implications of the somewhat surprising news that UK voters decided by a comfortable majority to leave the European Union. No matter what side you identified with in this grand referendum, it’s always invigorating when democracy’s voices speak. With a record high voter turn out – over 70% of …

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