Chanos 1 - 0 Musk...

The London property bubble shows renewed signs that it is beginning to burst. Property sellers in the UK have reduced their asking prices and London property prices have fallen by 7.8 per cent on average and as much as 30% in some areas according to City AM today.

City AM – Data via Zoopla

In recent months unexpected calls have emerged from unexpected sources questioning whether capitalism is even working any more in a world in which corporate profits refuse to drop leading to paltry wage gains and thus, lack of the all-important wage inflation. Most recently it was none other than Goldman who wrote in February that "we are always wary of guiding for mean reversion. But, if we are wrong and high margins manage to endure for the next few years (particularly when global demand growth is below trend), there are broader questions to be asked about the efficacy of capitalism."

The former nuclear technician who revealed details of Israel’s nuclear programme has now been accused of breaching restraining orders. On Sunday Israeli prosecutors charged nuclear whistleblower Mordechai Vanunu with violating the terms of his release, more than a decade after he completed an 18-year jail term. His attorney’s have slammed the move as ‘a record low for the state in its abuse of Vanunu’ The indictment accuses Vanunu of moving apartment without telling the police, meeting two foreign nationals without permission and repeating classified information on TV.

Here’s a link to an interview I did with Jason Sorens, founder of the Free State Project, a kind of Benedict Option for libertarians he leads in New Hampshire. Excerpt: