Posts

Showing posts from June, 2016

The Bad and Good about the Brexit

Britain recently voted to leave the EU.  That's probably going to have a lot of long term consequences and I'm mostly writing this to try to work through what I think they might be, good as well as bad. In the short term there's probably going to be a fair amount of bad.  Germany and France are Britain's  #1 and #3 trading partners  and there's likely to be some disruption there.  Now that Britain has said it wants to leave it can negotiate a divorce from the EU there's some question about exactly what Britain's terms of trade are going to end up looking like.  The leave campaign promised that Britain would be able to trade with Europe the same way it always had but now without cumbersome EU rules.  I don't think it'll work that way.  The first reason for that is that managing trade is a big part of the complex EU rules Britain had to deal with.  If I sell you a ton of "Grade A Beef" it's important that we both have the same understan...

Trump and Publicity

There's an old idea that all publicity is good publicity.  I seem to have have  written something about this  a few years ago but I should repeat the important bits.  If you're trying to sell something and you don't care about getting a majority of people to like you then your biggest foe is anonymity and the old chestnut is perfectly valid.  But if you're doing something that requires you to persuade a majority of people that you're correct then no, not all publicity is good publicity. I think this principle is very much applicable to the potential election of Donald Trump.  If you're looking at a 17 way contest and you only need a plurality, and besides only 13 of the 29 million people in the Republican primary voted for Trump compared to the 126 million  who voted in the 2012 presidential election.  So it's very much true that for Trump in the primary all publicity is good publicity.  But that won't hold for the general election. ...