This very short article by Jeremy Cliffe is the best thing I have ever read on Brexit and the EU. It pivots on the contrast between Delors’ and Thatcher’s authentically provincial Christian visions and suggests the battle in Britain between the two is not over.

Thatcher: Protestant believer in the totally free market and absolutely sovereign centralised nation state. Delors: Catholic believer in third way personalism, corporatism and federalism. Individualism versus relational love. Heterodoxy versus Orthodoxy.
The article useful gives the lie to the idea that the Catholic vision of the EU has altogether vanished even though it is weakened. Delors wanted a social dimension to the free market and single currency and yet lexiteers laughably insist the EU is more neoliberal than the U.K.!
Subsidiary federalism is a doctrine of democracy and human fraternity. State sovereignty is a doctrine of naked power. It is a face of Antichrist. Leviathan.
Those combined that democracy can only be inside a single state fail to power just how much of private law and evermore so is necessarily international. Thus if political institutions don’t extend over borders there can be no democracy.
The first granting of citizenship to all subjects was under empire (edict of Caracalla 212 significantly AD) not under the nation state. In this way federal empire first elevated the person (though in relation) above ethnic attachment. Empire was the cradle of constitutionality.
This link of empire, liberty and human dignity has a prior echo in European law and political history to sovereign state thinking. Thus it is literally insular to think the EU is just artificial. Though certainly it badly lacks a binding ethos, unlike Rome.
Cliffe’s piece shows awareness of Continental sensibilities in a way that is almost always lacking in the British media.
It also helps to confirm the degree to which Thatcher-inspired Brexit is unmistakably in a British Protestant lineage, rejecting all the great anti-French Revolution reaction that qualified this in a ‘gothic’ direction. Burke, Coleridge, Pugin, Newman, Ruskin, Tawney etc.
Yet as Cliffe says, if we now want to escape tariffs we may have still to cleave more to Delors’ social market vision. The logic of that is eventually to return and finally embrace the personalist-corporatist-federalist logic. A Catholic logic.
The recent alignments of Catholicism with nationalism strike me as dubious and opportunistic. A truly major thinker like Manent too much falls into this because he oddly fails to understand the logic of Medieval political thinking, wrongly imagining a duality of church and state.
Such alignments risk sliding once more back into fascism. This is a temptation especially where Catholicism is part of national identity as in Eastern Europe.

More from Brexit

It is time to talk Brexit and standards again. (thread)


Let's start off with: I don't think any trade experts are surprised by this. It is why the TCA did not do much on SPS. It is why the EU did not offer much on SPS. It is why the UK did not ask much on SPS.

But it also shows that the popular slogan "after Brexit we'll have the same standards as before, so why would anything change in trade" was wrong - and worse, it was purposefully trying to stifle a necessary debate.

And this leads me to the next point: I have no issue with changing the rules, I have a massive issue with how it is done. Here's what we should discuss:

The decisive question: What are the standards the UK as a country wants. To inform this debate, we need the following information:

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.