Aspects of the ‘New Normal’
The new normal, more Old Labour, what is a ‘handle’, will property ever revive, how durable is the renewables bounce? When do numbers matter to us ? Same old It looks like the new normal is no Middle East peace, […]
Unforgiven
Burnham as the continuity Labour candidate, markets rotating through assets at dizzying speed, seasonality, and higher interest rates must come. You must win, in order to rule The Labour Party for much of the last century was a recognisable progression […]
Madness Takes Control
Burnham’s rise, market implications, new Federal Reserve, interest rate expectations. And inter galactic speculation, up like a rocket… New Governor, Old Rates In US Fed Governor Warsh we get a real economist, even if inevitably with an Ivy League law […]
TIME TO STEP BACK
Keoladeo – five islands receding in a bird sanctuary in India – a fading bigger picture. A messy market, with the tech bulls in charge, but deep uncertainty as the first half starts to wind down. A new Antwerp? We […]
The Bears Make Sense …
Mind the clutter is the message from the UK local elections, and markets rotating. The local elections highlighted Starmer’s inability to fight another general election, but perhaps not more than that. They also demonstrated Kemi can’t win either. Indeed, it […]
Elegies
The divide between the fortunate aggressor, and the so-called middle powers, or spectators, between those with strategic foresight and the price takers, is stark. The year’s early exuberance in Europe and the UK has gone, reverting to the old confused, […]
Casting about
The impact of the Iranian War, what Reform is not, casting about for crumbs: levels to think about buying. How bad? The War has few impacts on the USA: like any bombarding fleet, it can after all, just sail away. […]
Dunkelflaute
Rachel Grieves, Orcs and Goons, China’s paradox, soft budgeting and where the Great Reform Act went wrong – a gloomy calm. Weakness through strength The China paradox was neatly laid out by George Magnus, author of Red Flags*, at a […]
HAMMER AND CYCLE
A look at the re-industrialisation idea, how it affects markets fleeing Tech, and Pershing Square Holdings. Back on shore Re-industrialisation is now pretty embedded in UK party policies, of all colours. It is implicit both in the Biden subsidy schemes, […]
Bitcoin in the Bekaa
Chaos. Noise, with old systems falling apart. A deeper look at currencies and means of exchange, including bitcoin, and what is the UK Labour Party up to? Why are stock markets so high, with the Dow breaking 50,000, from 25,000 […]