Notebook
Here I keep short entries on political economy and geopolitics as they unfold. Over time, they build into a record of how the world is being rearranged in prices and pay slips, in borders and wars, in debt, housing, work, and care.
12 June 2026: War Enters the Balance Sheet
The present energy shock is not only a matter of supply, shipping or oil markets. It is part of a wider sequence in which war and strategic rivalry are being translated into the everyday machinery of the global economy.