(1) Keynes: pro & con. (2) Is capitalism driven by “animal spirits”? (3) Age old question: What caused the Great Depression? (4) Blaming Messieurs Smoot & Hawley. (5) Cordell Hull to the rescue. (6) A very brief history of trade from RTAA to GATT to WTO. (7) Stanley Fischer thinks fiscal policy can revive animal spirits. (8) Signs of animal life in forward earnings, Markit PMIs, and German Ifo survey. (9) All is not quiet on either the Eastern or Western fronts.
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