Who saw the crash coming? Well, careful readers of the FT would have recieved some warning. I refer not to the work of Gillian Tett or Martin Wolf - although both can claim some credit - but to this short story by Julian Gough, an Irish novelist based, which was published in the FT. Gough’s account of the inflation of goat-prices in Somalia and their impact on the global economy now seems eerily like an allegorical warning of what was to befall us.
Mr Gough has now been rewarded - either for his literary flair or his economic insights - by having his story dramatised on BBC Radio 4. If you hurry, you can listen to it here - before they take the link down next Friday. The Hollywood movie goes into production next year, although the part of the goat is yet to be cast.

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This blog covers a variety of topics from US foreign policy to European politics and the Middle East - and whatever else happens to be in the news or catch my attention. I joined the FT as chief foreign affairs commentator in 2006, after a 15-year career at The Economist which included stints as a correspondent in Brussels, Bangkok and Washington. I write a weekly column on foreign affairs, which appears in the paper on Tuesdays. Occasionally my FT colleagues contribute posts to this blog.