Talks

Spoken essays on politics, economics and culture. Each week I examine sovereign debt, markets, history, philosophy and books.

Werner Mouton 10/26/26 Werner Mouton 10/26/26

Who Collects the Oil Gap

Brent futures cost $107 in mid-October, but physical North Sea crude cost $134. Who collects the gap between the oil price and the diesel pump, and who pays?

Werner Mouton 10/24/26 Werner Mouton 10/24/26

France and the Bond Market

France’s ten-year bond yield has passed 5%, its highest since 2002. What must Paris show lenders to bring borrowing costs down before the 2027 election?