The World Order Needs A

Globalization Has Rendered The World Increasingly Interdependent, But International Politics Is Still Based On The Sovereignty Of States.

The Eurozone Status Quo Is Neither Tolerable Nor Stable. Mainstream Economists Would Call It An Inferior Equilibrium; I Call It A Nightmare - One That Is Inflicting Tremendous Pain And Suffering That Could Be Easily Avoided If The Misconceptions And Taboos That Sustain It Were Dispelled.

In Politics, Manipulating Reality Can Take Presidence Over Finding Reality.

The Integration Of Europe Was Very Much Led By A Germany That Was Always Willing To Pay A Little Bit Extra To Reach A Compromise That Everybody Accepted, Because Germany Was So Eager To Get European Support For Reunification. That Was Called The "farsighted Vision," Which Created The European Union.

Taking This View, It Is Possible To See Financial Markets As A Laboratory For Testing Hypotheses, Albeit Not Strictly Scientific Ones. The Truth Is, Successful Investing Is A Kind Of Alchemy.