Gold has hit new record dollar levels – reflecting not just current uncertainty, but also the de-dollarisation narrative and it’s attractions as an inflation and market hedge, and long-term value. It’s worth keeping an eye on.
Every single business on the planet should be looking at its board composition and corporate governance structure to figure out just how vulnerable they may be. OpenAI’s self-immolation should be a lesson.
The Tough Times will pass - how do you then create an economy that balances Growth and Prosperity, Politics and Justice, the Environment and Business, Wealth and Equality. Could it be as simple as setting the right interest rate?
The Rugby World Cup is a reminder of all that is good, exciting and honest about 30 folk beating the crap out of each other. Enjoy the frenetic mayhem! Meanwhile, what is John Authers trying to tell us. And where are we this 9/11?
US Stocks are back in bull territory, but how dangerous are Euphoric Markets determined to follow an upside narrative – no matter what the underlying reality? Markets are not clever, just voting machines reflecting how smart participants are.
“Prepare to be assimilated species 5618.”
AI is dominating the headlines. Its either the greatest threat to mankind ever (as has been every economic revolution since someone discovered fire), or its going to make us all better off. The answer probably lies somewhere in the middle.. but it’s bound to raise uncertainty.
Monday is the May Day Holiday, but the weather is pants and no one has any money anyway… There isn’t much on the horizon that is clear – hunker down for more months of uncertainty.
Outrageous rental increases and the naked greed of professional landlords will result in a dearth of young workers priced out of London. It will destroy the City’s economy and negatively impact the UK even more conclusively than the Luftwaffe, political mistakes, global banking crisis, pandemic or recession.
SVB is a crisis averted, but the market wasn’t paying close attention which spells opportunity. There are bigger risks from central banks being distracted from fighting inflation and normalising rates. That’s the real crisis!
There is nothing as dangerous for markets as directionless markets and a deep threat board. Place your chips accordingly…
