Yesterday’s UK’s 15-year Gilt deal was a 15 times oversubscribed blowout success, demonstrating global investors have confidence in the UK’s competence, stability and markets. However, Ray Dalio is writing another book about why countries go bust, and reckons the UK is caught in a debt-death spiral. I doubt it.
Politics is all about Branding This week we were treated [...]
Yesterday is done and dusted. What counts is what happens next! Markets will move on from the election and return to pricing real events and their consequences. The first 100 days will be no honeymoon. Get set for “interesting” market moves, events and plenty of volatility.
Trump’s inauguration will come and go. Lots of noise, 100 executive orders. No doubt we will be shocked. Then everything will settle and we will focus on the US/China Relationship and the US Treasury Market. The UK will be left wondering what, if anything, the “special relationship” now means.
This has been a massive week for the expanding Space Economy. New launches from Blue Origin (6/10) and Space X (3/10), plus the UK set to fire up a rocket from Shetland! It’s a serious and difficult sector – and it’s going to become increasing competitive. Everyone is betting on Space X, bit is it froth over content?
As the clock ticks down to the US Coronation, markets are aligning for Donald Trump: a sustainable Treasury market, a strong dollar and Trump’s Treasury pick, Scott Bessent set to demonstrate competency at his senate hearing. What could possibly go wrong?
Blain’s Morning Porridge Jan 15th 2025: What happens next? Brave [...]
The bond bear market looks set to deepen as rising energy prices threaten to keep inflation sticky. The way bonds impact the economy is more complex than most understand – it’s not just interest rates, but how inflation, and growth limit policy choices.
The UK chattering classes are delighted. They’ve finally got something they can all agree on – it’s all Labour’s fault. However, that leaves one itsy-bitzy problem? We all agree this lost are useless. The last lot was even more useless. How and who is actually going to fix the UK? I prescribe a course of pragmatic reality and primal screaming….
Hard Hats to the Ready. Is Elon Musk trying to bring down the UK government by undermining sterling and the Gilts market through lies and disinformation on X? Might sound like conspiracy theory – but that’s what it feels like in the market.
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