Day: 10 April 2011

It is easy to mutter about the dithering MPC, but the hand of cards they hold is not easy to play. There is a clamour from some quarters (including this Blog) to increase interest rates to combat inflation. There is an equally loud, maybe louder, cry to keep the record low bank rate on hold. The mostly […]

There are at the heart of this military adventure a number of miscalculations. The rebels are not a competent military force. Gaddafi enjoys more support in depth among his population than the West thought. He is a wily and resourceful commander. His forces, with a backbone of mercenaries, have shown adaptability similar to the  North Vietnamese, whose tactics neutralised […]