Smart pundits are buying Uranium. While China builds out its nuclear fleet, the US looks set to favour fossil fuels while the UK’s nuclear plans are over-engineered and slow. Future economic leadership will be determined by energy.  It’s a game the West could well lose.

Beryl is the fastest, strongest and earliest hurricane to hit the Caribbean. The price of the humble potato will see substantial inflation as miserable harvests come in. What do these two apparently unconnected events tell us about inflation and risk?

Next week I will be either stuck in the queues at Heathrow, or sailing round Greece. Time to unwind and think about the state of the World. Or… maybe not ruin my break by scaring myself! Some thoughts on Global Macro.

The weekend weather and more rain on the way may be a precursor to real economic consequences approaching. The sustained rise in mean adjusted P/E ratios is likely a factor of distortion – will the market notice? And the UK election. Yawn... What will Rishi say next?

Very early start on the radio this morning, but Jamie Dimon and I are aligned; the global economy is at an inflection point as higher rates, stickflation, debt and climate costs hit the reset button. It doesn’t have to be a bear-reset and could present massive opportunities! Embrace change!

Assets Managers have gone quiet on ESG and Sustainability, under pressure from sceptical money and investors bored by climate change. That doesn’t mean the problem has gone away. The risks and the consequences for markets and prices remain enormous.

Blain’s Morning Porridge Feb 2nd  2024: The Energy crisis in [...]

There is a lot of doom and gloom out there – but we really shouldn’t flaff about how bad markets may get in 2024! Its just the downturn of the business cycle! Realising that’s what it is means the bottom is approaching… but not without some peril!

Farewell Alastair Darling and Shane MacGowan.

COP 28 has been getting pushback from activists upset big-business is attending. That’s possibly the best thing for the planet if the commercial sector embraces the challenges and opportunities raised by climate change!

What matters more; a new smart-phone or food security? Spending billions developing AI to make life more confusing, or improving the environment and social cohesion? Science and Technology can address humanity’s biggest problems – but how do we ensure they are focused on the right ones?