Gnosti seauton, USA edition

It looks like some in the American elite understand what happens when you run your foreign policy as a branch of your domestic policy:

As long as one of our major parties is opposed to essentially all trade agreements, and the other is resistant to funding international organisations, the US will not be in a position to shape the global economic system.

(Larry Summers, Time US Leadership Woke Up To New Economic Era.

That Swiss currency peg

Say what you like about the Swiss decision to abandon its Euro currency peg, given that most of the hedge funds that have blown up as a consequence are likely to be American ones it provides a neat come-back for all those fines of Swiss banks, and attacks on Swiss banking secrecy, by the U.S.