The UK’s FCA is considering “valuations” in the Private Capital sector. That triggers alarm bells. Bi-lateral private markets are an important part of the professional financial system, but fall outside traditional regulation. Is it time to bring them onside?
Friday’s US Employment Report confirmed the underlying strength of a robust economy. Little to worry about, except to wonder why 40% of the electorate are so unhappy and blame the current government. That’s an issue for investors to figure out.
Blain’s Morning Porridge Feb 2nd 2024: The Energy crisis in [...]
Confidence is critical in any financial decision. Markets rise or fall based on the confidence in the narrative; be it companies, sovereign bonds, or disruptive tech, but sometimes it becomes too exhausting to keep fooling ourselves.
The nations of the West face crisis: how to fund vital infrastructure and critical defence spending without upsetting bond markets? They are worrying about the wrong things. Time to rethink government spending and how to do it.
Politics matter for markets.. but do we worry to much about Trump and how divisive he may be? History will move on, and although he has captured the Republican Party and may win the Presidency, he has not won the USA – and is unlikely to do so.
Christine Lagarde is under attack from within The ECB from staff who say they mistrust her. They clearly don’t understand their jobs or her role. Lagarde is a politician leading a political central bank. She has already achieved many of her goals. Generals don’t need to be popular – they need to be effective.
The news the UK’s AI Chatbot decided it’s better to answer Govt questions in French should surprise no one. It’s a giggle, but the fact UK ministries have no clues on planned Govt spending to plan post-2025 looks like deliberate Economic Sabotage.
The future of the Auto-sector is likely to comprise a mix of technologies. What does that mean for Tesla – which is under increasing pressure from competition, technology and the maturity of the EV market.
The Chinese economy has stalled, buffeted my multiple issues from banking, property and demographics. What happens next? The consequences of a China crash or downturn will be multiple and could create further instability.
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