8 April 2014 - nightlights of liberty

“The lamps are going out all over Europe” — Edward Grey before WWI
The term “lights of liberty” dates at least to Elizabethan times; it appears in the poem “A Treatise of Monarchie” by Fulke Greville (1554-1628).

“The bottom of the commodity supercycle” is market trader-speak for a long period when commodity prices are low, as in the 1980’s when low prices for its exports helped put the Soviet Union out of business.

I wrote this over a week ago and have been waiting for events to catch up as I was expecting.