Populist radical right parties have gained remarkable traction across Europe since the refugee crisis of 2014-2016. In a series of recent shock votes, the Alternative for Germany (AfD) party won elections in two East German states and also made substantial gains at national level. In the 2025 federal elections it doubled its support to more than 20 per cent of votes and also tops recent polls with almost 30 per cent of votes.

Nicolai and I have been writing about entrepreneurial judgment for more than twenty years.

Global investors spend a great deal of time worrying about an alleged artificial intelligence bubble. However, they should pay more attention to the government debt bubble.

“Japan’s largest banks and insurance companies have been buying domestic government bonds and selling foreign debt ... in moves that ... could be early signs of a wider repatriation of capital”

Today’s national average on a 30-year fixed-rate mortgage is 7.50%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.82%.

In the 1930s, during the formation of Saudi Arabia, three provinces were taken from Yemen. The Yemeni have always wanted them back. 

Seven in 10 voters think the administration lacks a clear strategy for ending the conflict, including 95% of Democrats, 83% of independents and 43% of Republicans.

On Wednesday, the Bureau of Labor Statistics released its September CPI inflation report. The report showed multi-month highs in price inflation, and showed, yet again that price inflation is destroying wage growth, with real wages falling year over year, for six months in a row. The Fed’s arbitrary two-percent inflation goal has proved unreachable for Federal Reserve bureaucrats, with the Fed missing its target now for 66 months in a row.

On August 17, The Economist published a piece titled “The world’s most influential economist is oddly unconvincing,” examining Daron Acemoglu, the MIT economist who shared the 2024 Nobel Prize with Simon Johnson and James Robinson for work on how institutions shape prosperity.