Comment: Squirrel versus woodpigeon

Long the Western bond markets…for the time being

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As I write there is titanic battle occurring outside my window. A squirrel is wrestling a woodpigeon for the piece of stale bread that I placed on the lawn a few moments previously. My money was on the squirrel but it turned out I was wrong - the woodpigeon won.

It reminds me that, in moments of desperation, one's base instincts take over. When resources are limited then you are more than likely to take on your rival for whatever you can get. Inevitabl...

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