The UK economy feels like Gormenghast. Labour wants to balance the books – but will just keep running to get no-where fast. We need an honest appraisal of the problem; a root and branch creative destruction of the bureaucracy of state. The Civil Service needs to learn to be agile and fail fast.
US polls show the election is too close to call. Suddenly we are being bombarded with “evidence” Trump is winning from online gambling site odds. Interesting, but nonsense. Polymarket’s users are not analogous with the electorate. Its also owned by Peter Theil – who maybe has a vested interest in Trump’s victory.
Labour might have a massive majority, but they are being mugged in broad daylight by the rump Tories who have persuaded the electorate they’re as bad as they were. That’s not good in an economy requiring big decisions to be taken and delivered competently. Labour is in danger of losing “Grip”.
Blain’s Morning Porridge 16th October, 2024: Boeing, throwing the dice [...]
London’s Investment Summit was a glorious affair. The great and the good of global commerce were swanking around as the new government pled for money to rebuild our broken economy. No other country does soft power so well – but FDI will not fix Broken Britain on its own. We need pride, passion and a deal of pragmatic decision making.
This is shaping up as another tense week on the ongoing uncertainty of the US Election. Harris or Trump? Equally important - will either win the whole suite of White House, Senate and Congress, avoiding political gridlock, but potentially unleashing a deluge of uncertainty on the US Bond market?
3-Nil to the Kiwis is a Scoreline that will be making Ben Ainslie angry – something other competitors soon discover is a terrible mistake. Despite the scoreline, the America’s Cup is not over yet. The Brits just have to stop making mistakes, sail fast and true, and win the next 7 races! Simples….
The Media think they’ve identified Satoshi Nakamoto, the inventor of Bitcoin. While I doubt it, it raises enormous questions that about the credibility of Bitcoin, its adoption, and cast doubt on the foundation myths Crypto Shills push. Satoshi’s bitcoin wallets are currently worth over $67 bln! If the Truth emerges, Bitcoin could pop.
The US election remains too close to split. In light of the negativity towards former President Trump in the mainstream press, I thought it might redress the balance if the Red Team were given a chance to explain their perspective. (Ahem..)
One year after the Hamas atrocities, the tragedy of Gaza and South Lebanon continue. The region remains on fire, and could ignite further conflict and instability including inflation, recession and impact the US election. To understand what happens next – how did we get here?
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