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  Varför lyckades inte den förment intellektuella eliten att snabbt genomskåda det uppenbara – att Arday var en bluff? Jason Arday 2023 utsågs till professor i sociologi vid det anrika universitetet i Cambridge i Storbritannien blev han snabbt en internationell akademiker med rockstjärnestatus, med en minst sagt anmärkningsvärd livshistoria.  Under 2026 hamnade Arday i centrum för en omfattande debatt kring sin doktorsavhandling, efter att ett stort antal textlikheter med en tidigare avhandling uppmärksammats offentligt.  Universitetet i Cambridge genomförde en intern utredning vilken friade honom från forskningsfusk. Att hans universitet beskrev kritiken som en del av en kampanj mot hans trovärdighet har dock inte tystat de kritiska rösterna. Att han var verksam inom ett fält där möjligheterna att komma med obevisade påståenden är relativt goda kan säkert ha spelat in. Om han försökt göra en karriär inom naturvetenskap, särskilt en disciplin där man gör experiment, skull...

  A selloff in global bonds is driving up borrowing costs for governments, businesses and families across the developed world. Wall Street sees no end in sight.  https://www.wsj.com/finance/investing/bonds-are-getting-hammered-and-wall-street-says-the-rout-wont-end-anytime-soon-895e0ad8 USA:s statsskuld på rekordnivå – 40.000.000.000.000 dollar  ”Även i de mest gynnsamma scenarierna rusar vi mot ett stup utan att vilja vrida om ratten”, säger Margaret Spellings, chef för tankesmedjan Bipartisan Policy Center. DI/TT  20 augusti 2026 https://www.di.se/live/usas-statsskuld-pa-rekordniva-40000000000000-dollar/ Hur ska världens största ekonomi styra undan en hotande skuldkrasch?    Nils Åkesson DI 18 augusti 2026 https://www.di.se/analys/usas-skuldkris-narmar-sig-skrackniva/ Bessent Plan May Be Short-Lived Remedy for Bond Slump Franklin Templeton, Barrenjoey Markets Pty and Nomura Holdings Inc. are among those warning the positive spillover effect to other bond ...

Bessent’s Bond-Burner Wasn’t the Big Move He Hoped The problem, after Treasury Secretary Scott Bessent made a small but hugely symbolic move to stop the steady rise in longer bond yields, is that even his power appears to be limited. Drastic changes in fiscal policy are needed, not signaling and symbols. Bessent’s key intervention, announced as Wall Street opened, was to double the amount of 10-year and longer bonds that the Treasury can buy back. If you think this sounds like something the Fed would do, you would be right.  Monetary policy ever since the Global Financial Crisis has revolved around quantitative easing (QE) — buying bonds to push down their yields. Kevin Warsh, the new Fed chairman, wants to move away from that and shrink the central bank’s enormous holdings of bonds.  The 30-year yield — at its highest since the eve of the crisis in 2007 —dropped eight basis points. But the upward trend remains intact. John Authers Bloomberg August 20, 2026 https://www.bloombe...

Could Japan bring down the world economy? Japan’s vast hoard of financial assets means that problems in its economy can reverberate across the globe. What caused this mess? Is America right to intervene? And could Japan cause a crisis in the global financial system?   The Economist Recorded on Aug 14th · 41 min https://www.economist.com/insider/inside-economics/could-japan-bring-down-the-world-economy Elections in Ukraine?  Former Ukrainian defence minister Mykhailo Fedorov has launched a sweeping political broadside against Volodymyr Zelenskyy, warning the president that rampant corruption is undermining the country’s ability to fight Russia and calling for extraordinary wartime elections. Financial Times 18 August 2026 https://www.ft.com/content/7bf79169-f84f-44a2-b64d-c1a3d1fb7d08?syn-25a6b1a6=1 The popular former Ukrainian defense minister, whose firing by President Volodymyr Zelenskyy triggered nationwide protests, strongly hinted at his political ambitions with a la...

  https://www.marketwatch.com/story/why-it-pays-to-stay-invested-no-amount-of-bad-news-could-stop-the-stock-markets-strongest-run-in-more-than-25-years-54ba3f8a Tunga techfall på Wall Street – Klarna rasade 23 procent De ledande indexen på Wall Street stängde på rött för tredje handelsdagen i rad när inflationsoro kylde ner riskaptiten. https://www.di.se/live/tunga-techfall-pa-wall-street-klarna-rasade/ The rise in the US is part of a broader global shift as investors demand more compensation to protect against the risk of persistently high inflation that’s likely to keep short-term interest rates elevated. The movement is also being fueled by a ramp-up of corporate borrowing to fund the artificial-intelligence investment boom and waning demand from traditional buyers of long-dated bonds. https://www.bloomberg.com/news/articles/2026-08-17/us-bond-selloff-drives-30-year-yields-to-the-highest-since-2007 Global Bond Slump Sends Long-Term Borrowing Costs to Highest in Decades https://w...

Hans teori styr centralbankers penningpolitik globalt.   – Han sökte sig till striden, säger Lars Jonung. Han är professor emeritus vid Lunds universitet, där även Wicksell var professor. Friedmans idé om att styra penningmängden har övergetts av centralbankerna. Keynes syn på penningpolitiken som underordnad finanspolitiken, med full sysselsättning som mål, har inte heller segrat. Kärnan i Wicksells analys är en skillnad mellan två räntor: låneräntan, som sätts av centralbanken, och ”den naturliga räntan”.  Så fort den naturliga räntan avviker från den bankränta som är gällande får vi ett gap som antingen ger uppgång till en kreditexpansion eller en kreditåtstramning, säger Lars Jonung. Nu lyfter det amerikanska magasinet Fortune fram en ny tolkning av Wicksell, framförd av ekonomer på den tyska storbanken Deutsche Bank. Är tyskarna på rätt väg eller inte?  Jag tror att de tänker fel, säger Lars Jonung. Birgitta Forsberg SvD 2026-08-16 https://www.svd.se/a/Bxzyn7/ra...

De ledande amerikanska indexen stängde på rött under måndagen när förhoppningarna om ett avtal för att avsluta det nästan sex månader långa kriget i Mellanöstern dämpats och oljepriset fått fart uppåt. https://www.di.se/live/techjattar-stretade-emot-pa-rott-wall-street/   Sargassohavet, The Sargasso Sea; a model for global markets  https://englundmacro.blogspot.com/2026/08/sargassohavet-sargasso-sea-model-for.html Central Banks; By becoming market makers of last resort, policymakers are pumping up leverage and risk. Leverage 100 times. https://englundmacro.blogspot.com/2026/08/central-banks-by-becoming-market-makers.html Knut Wicksell aktuell igen. r*  Styr centralbankers penningpolitik globalt.      https://englundmacro.blogspot.com/2026/08/nu-ar-nationalekonomen-knut-wicksell.html Maga Europe Trump’s new right sees the continent as both ancestral home and ideological battleground. https://englundmacro.blogspot.com/2026/08/why-maga-came-for-europe.html Sto...

The Sargasso Sea, an elliptical area of the Atlantic around Bermuda, is a model for global markets in the depths of this hot summer. An area of relative calm caused by the space between four major Atlantic currents. As for the obvious geopolitical risks, there is a belief — correct or otherwise — that the market has a handle on them, and that they are less than catastrophic.  Equanimity is a state of psychological stability and composure which is undisturbed by the experience of or exposure to emotions, pain, or other phenomena that may otherwise cause a loss of mental balance.   https://en.wikipedia.org/wiki/Equanimity Whether markets are right to be this confident is another question. Meanwhile, the greatest risk, also diminished slightly by the slowdown in the recent data, comes from bonds.  But as it stands, Great Earnings + Goldilocks Economic Data + Absence of News = Continued Calm.  Just like eels must leave the Sargasso, this cannot go on indefinitely, but wi...

Men vd Sandra Gadd är inte helt nöjd. ”Kvartalet belastas fortfarande av kostnader som jag tycker är för höga”, skriver hon. https://www.di.se/live/kjell-och-company-bryter-dyster-trend/

Vad är en Jordan B Peterson i sina udda kostymer och pladder om humrars av gud givna hierarkiska ordning annat än verklighetens Dr. Fox? När allt handlar om genomslag så blir formen, karisman, skamlösheten överställt allt. För att det funkar. Något som har smittat av sig på dagens politiska retorik. Johannes Klenell DN 5 juni 2026 https://www.dn.se/kultur/johannes-klenell-tror-ebba-busch-att-valjarna-ar-dumma-i-huvudet/ Fotnot: Jag gillar både Ebba och Jordan.  

Trump’s new right sees the continent as both ancestral home and ideological battleground. From the vice-president down, US officials have cast themselves as being on a mission to save western civilisation from the continent they see as its cradle.  Mass migration, curbs on speech and the surrender of national sovereignty, they argue, threaten not only the transatlantic relationship but the very idea of Europe. “We don’t save the west if Europe doesn’t get its act together,” said Kevin Roberts, president of the Heritage Foundation, the conservative think-tank that helped to draw up the agenda for Donald Trump’s second term.  “I’ve been worried for a long time, for the better part of two decades, that Europe was committing civilisational suicide.”  “The civilisation that we’re defending is 3,500 years old,” he added, tracing it back through Jerusalem, Athens, Rome, London and Philadelphia.  Maga’s stark new theory of the Atlantic alliance was set out by the US vice-pre...

Central banks may be accidentally subsidizing government borrowing through their efforts to prevent a repeat of past market blowups, and policymakers are starting to worry that anticrisis lending facilities could even be interfering with their own monetary policy. The source of the problem is the switch from central banks being the lender of last resort to, in 2008 and 2020, also being market makers of last resort, ensuring corporate—and government—debt markets keep functioning. During a crisis, support is often essential to prevent a downward spiral that destroys the financial system. But backstopping markets removes a key risk and encourages more borrowing—especially for the hedge funds that now own trillions of dollars of U.S. Treasurys. The scale is extraordinary: The Dallas Fed estimates hedge funds ended last year with $2.4 trillion of Treasurys, up from $600 billion a decade earlier.  Because the profits on each trade are tiny, hedge funds have to leverage as much as 100 tim...