Category Economy

Blame the Media and Remoaners – What next in the UK’s economic saga?

It wasn’t Kwasi’s fault. It was the pinko Media that crushed sterling, The Bank of England and these nasty Remoaners murdered Gilts – says the man shorting sterling… If it wasn’t so serious it would make a brilliant comedy. Perhaps it will.

The UK crisis: Questions that Must be Asked: How was it allowed to happen?

The UK confidence crisis is not over yet. Chancellor Kwasi Kwarteng is saying nothing, hoping for stability. The Bank of England finds itself providing top cover by its willingness to hike rates. The Treasury Select Committee should be asking what advice the OBR, Treasury, The Bank of England and the Gilts Office gave Kwarteng.

UK Grieves as the Economic Crises Approach

As London grieves we’re not paying much attention to politics and markets – but we should. The outlook is deteriorating. Confidence is declining and will likely get worse if the new government’s lack of awareness and sensitivity continues.

Things are never as bad as you fear… are they?

The news looks bleak. A cataclysm of gloom is set to sink Europe and the UK – but, maybe things aren’t as bad as we think. Good news and a realisation things can get better could stabilize sentiment, and build a recovery base. Maybe?

The UK risks losing its status as a sound financially sovereign nation

The UK is at risk of breaking its “Virtuous Sovereign Trinity” of stable politics, currency and bond markets. Collapsing confidence in politics to stem the slide in sterling and thus Gilts, could see the UK stumble into a crippling Sovereign Financial crisis sooner than we think possible.

Why are we so scared of Putin, Russia and an Italy debt meltdown?

Putin’s supposed cleverness haunts markets. How much harder will he squeeze Europe’s energy crisis? How will Russia change the geo-political order? Will Italy’s coming election be the crisis that breaks the Euro? We give Russia too much credit – it’s a weak nation that can only get weaker.

Central banks, inflation and recession are the visible risks, but what if we are looking at all the wrong things?

Everyone is balancing inflation, economic numbers and this week’s Jackson Hole Central Bank smooze-a-thon to guess markets. What if we are looking at the wrong things – and economic divergence, income and wealth inequality and unravelling domestic politics are the critical factors?

The Geopolitical No-See-Um threat posed by Chips may be less than that posed by Trump.

Chips are a critical component of global supply chains – there are significant geopolitical risks inherent in the concentration of semi-conductor production in Taiwan. However, an even bigger geopolitical risk may have been triggered by the FBI raiding Trump’s lair in Mar-a-Lago.