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. […]
USA
Exterminators needed
A pretty good year, lots of all time highs, the FTSE creeping towards 10,000, rates falling, no recession, a Federal Reserve that can’t believe its luck, peace of a kind in the Middle East. So inevitably thoughts turn to banking […]
Potemkin Politics
How have British politicians fared this year, and what does the future look like, behind all the brave facades? Do the regional elections next year matter? What does the betting market tell us? Is Reeves’s mess redeemable? The Tory Party […]
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 […]
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 […]