Elon Musk and the Libertarian right are determined to present the UK as a basket case riven by internal division, on the verge of Civil War. What’s the real agenda behind the riots across UK cities? Nothing scares the right more than the prospect of strong, competent central government undermining their polarisation of society.
Markets are shrugging off yesterday’s wobbles, but is it really over? The next few months are likely to remain volatile, fraxious and stressful – and we still don’t know what No-See-Ums are lurking in the background – but we can guess...
This is not just about recession or tech stock valuations – it’s a wider everything, including the kitchen-sink, confidence slough of market instability and uncertainty that’l hurt. Next few days might get interesting… Move along now… nothing to see here…
Autocracy, Dictatorships, and Kleptocracies are enabled by control of the “truth” – through lies, fake news, and propaganda. We need to be vigilant to the multiple and increasingly sophisticated ways our biases and fears are courted by fake news, and call them out each and every time.
There was a Judder Moment in AI last night. Microsoft’s numbers confirm the hype is played out - the reality is the AI everything rally is bleeding revenues and momentum. AI could see a cascading failure event bringing down startups, and triggering a reassessment of AI linked firms. Tesla – as the most hollow set of undelivered promises - is set to feel most pain.
The UK is even more broke that we thought. Chancellor Rachel Reeves is determined to address the crisis. However, austerity is pointless unless it’s accompanied by genuine fiscal reform and policies designed to foster growth, jobs, and wealth creation. That’s a bigger challenge than just cutting spending.
This week will be about listening to Central Banks. Meanwhile, the US Bitcoin Conference in Nashville over the weekend was an eyeopener – could Crypto be the issue that wins the election for Trump? The conference might has pressed the Bitcoin reset upside button.
The recent Third Plenum, the economic plan for the Chinese economy, hints China seeks to compete with the West, build its own tech ecosystem, and reform the economy under increased state control. Historically, that didn’t work for the USSR. Could it work for China?
Every corporate has its own distinct life-cycle. The Concept and Foundation are stage one. Firms evolve. Bad Management lies at the core of bad companies. Some firms become defined by it. Some firms survive and thrive. Many don’t. Few get second chances. Discuss in terms of Tesla and Boeing.
Markets can’t help but watch the US election – I am sure there are lots of more interesting things hiding in the background price moves. We are caught in the headlights of what may become a car-crash, but we can’t but help ourselves keep watching because that is the way we think.
Disclaimer
This publication is protected by US, UK and International Copyright laws. All rights reserved. No License is granted except for the subscriber’s personal use. Rights will be pursued.
The Morning Porridge is not investment advice. It is market commentary based on discussions and information gathered from multiple sources believed to be reliable. No guarantee is given for its accuracy or completeness. It is not an offer to buy, sell or solicit investments or securities. The author may have a position in companies or institutions discussed in this commentary.
If you want to know what’s really happening and why.. welcome to the Porridge.
Financial Market Insights for Thinkers!
© Morning Porridge | All Rights Reserved | Website Design & Support by Orange Pixel
