Swift Action by the Fed and around the globe has averted a major tech catastrophe, but the Silicon Valley Bank debacle highlights failure and further crisis to come. Hard Hats Stay On!

Markets are in a fluster over US banks, but that’s not the real problem. There is a looming crisis about to roil markets stemming from inflated  valuations in the Private Asset sector. This is going to get really messy. Hard Hats on!

Consumption and a cost-of-living crisis are upon us, but markets blithely assume it’s all upside to 2023. The risk is not a massive crash, but growing realisation the global economy has peaked, needs a period of normalisation and a reset after the madness of the last decade.

Watch the Bond Markets. In bonds there is truth. Brutal, uncompromising, painful truth. When the crisis comes, it will hit bond markets first. 

There is a long list of contenders for financial idiot of the year. Who will win?

Big Tech “growth” stocks suffered a price-check this week as economic reality bit, but they face much more pressure than just short-term cost and sales problems. Long-Term, new businesses and opportunities are evolving to eat their lunch, and leave them behind.

“Leverage, Liquidity and Volatility upturn markets, triggered by policy mistakes, ignorance, hubris or plain getting it wrong. These are dangerous times as multiple issues threaten confusion – so some simple market mantras might help!”

If you thought Unfunded Spending was a bad idea, don’t be fooled Austerity is going to be any more successful. It’s Anti-growth, regressive and will push the UK into deep recession, but about the only policy option left open to the discredited Tories.

Well, that was a fun week… but the UK’s travails are the tip of the iceberg of market pain facing the global economy. More political, geopolitical, liquidity and leverage driven crises are coming as markets reverse out the QE era. Don’t Panic!

While Jamie Dimon warns of recession, Ben Bernanke is picking up a Nobel Prize – yet the roots of the multiple crises threatening to overwhelm markets and topple capitalism lie in the solutions they led 14 years ago. They saved the world then – who will rescue it this time?