This week’s Covid Inquiry in the UK has been revelatory for what it revealed about political incompetence. That’s a good thing – a timely reminder that politics is about service rather ambition. Better politics = better economies.
Is inflation dead or just resting? Are rates likely to remain higher for longer, or are we poised on the edge of a bond bull market? Everyone is watching energy and tensions around the Middle East. I suggest we worry about wages as well.
A Halloween horror story: How can an economy succeed when it becomes legally loaded against success? Why do 65% of UK businesses fail within 10 yrs? The Porridge will struggle because I’ve fallen foul of the legal poachers who lurk on the sidelines.
The Gods of Chaos have brought together an alliance to bring down the West. If its not the weather, it will be Russia, Gas prices, the Middle East and Oil, or maybe the prime global commodity – Chips – is the next thing they will target. I'm staying long Gold.
The US economy posted strong growth in the face of monetary headwinds and financial adversity, demonstrating its unique strengths. But how sustainable is it in the face of debt, higher rates and political crisis?
Banker Bonus Caps: the only part of Liz Truss’ economic suicide plan to survive contact with reality! They were pointless, and utterly meaningless and nothing to do with why London is losing its place as the epicentre of global finance. Yet abandoning them is yet another Rishi Sunak mistake!
Volatility in Treasury markets is setting off Global alarms. Economic numbers and earnings present a mixed picture of what’s occurring in terms of rates and inflation projections, but the reality is markets are highly vulnerable to rising uncertainty!
Markets have not sold off on renewed Middle East conflict, but the geopolitical faultlines are being reinforced as it become clear this is war the US and Israel are fated never to win.
There is a crisis brewing – things are likely to get worse before they get better on the back of Political Dither, a Reverse Big Bang in the City of London, and the Escalation of the Middle East crisis threatens higher energy costs and inflation!
As the global economy stands on the precipice - about to step forward, Scotland announces its going to launch its debut bond issue. It is political theatre of the worst kind – there are so many reasons it’s such a bad idea – today. Tomorrow might be different.
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
