Drifting Apart
We look at signs of the end of the post WWII settlement, at the harassing of the Federal Reserve and what Trump winning looks like (not great). Rift or just a crack ? There are two world views, either Trump […]
CharlesGillams
What a mess !
It has been an oddly busy summer: Trump, a nervous Fed, India, a destabilised UK government and a hopeless French one. Trump is becoming a parody of himself, although there are, at last, signs of the much-vaunted checks and balances. […]
Some Dance to Remember
Sweet summer rain is falling, while some firms dance to remember, others to forget. We’re actually talking elephants this week – they can neither dance nor forget. A sidelong glance at tariffs (which really don’t matter, as we have said […]
TEARS OF A CLOWN
July 6, 2025 An eventful week, the triumph of Trump and the debasement of Starmer, both heralding fiscal expansion based on higher borrowing; the market likes one, not so hot on the other. And how does all this extra spending […]