Same Old Same Old

It sure is strangely quiet out there. Tragic anniversaries come thick and fast this week. A time for sombre reflection. Meanwhile the macro world keeps delivering us the same messages:

1. Electorates are fragmenting

Here is the effective number of parties in Sweden, according to a Swedish academic:

The Swedish election was only surprising in that the far-right Swedish Democrats didn't do as well as their midsummer 25% polling suggested. But their gains over the past four years are less relevant than the . . .

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