To avoid war we must be prepared to fight – that a basic dictum from history. While the conflict pressures mount, and political systems are increasingly strained, the defence of Western Economies in a post-Nato era will require massive private capital investment. But many investors are not prepared to step up and finance defence. It’s an attitude that has to change.

The Brexit Debate is never going to end. But the UK and Europe need to look to the future. The World in 2026 is very different to what short-term populist politicians thought they were selling us in 2016. A new relationship around trade, cooperation, and security, is possible and positive. Moreover, there is an easy win that could accelerate European growth – strengthening and unifying European Capital Markets!

Charlie Munger’s triad has manifested perfectly: Liquor is the intoxicating narrative of infinite AI scaling that defies gravity. Ladies is Ms. Alice Huang, the alleged spy who compromised the King. And Leverage is Nvidia itself—the underwriting spider at the centre of a massively leveraged web of debt and circular financing.

Elon Musk has been described as the biggest loser from the Blue Tsunami midterms – what will it mean for his firms’ valuations, and his future influence. We need to know what really went on between Musk and Trump. Even more critical is the utility of SpaceX’s technology and Starlink’s satellite constellation as a Strategic Resource. Some tough decisions, but sensible choices lie ahead.

Democracy wins. Trump was rejected by American voters, but his legacy will remain. The damage to done to the economy, the institutions of state, the constitution, and global power will shape America and geopolitics for decades. It’s unclear how the rest of Trump’s lame duck presidency will play out, but Corruption and the nexus of Wealth and Power will come under massively heightened scrutiny. Should the next US administration nationalise SpaceX?

Today’s US Midterms are a Referendum on the Presidency – and will be consequential for global markets. The result will depend entirely how many Republicans are still minded to Vote for MAGA. They might want to think back to an earlier age, the Republican President Ronald Reagan, and ask what the current incumbent and Reagan have in common, if anything.

The US treasury market is the deepest and most liquid market on the planet. But over the last year, foreign investors have been walking away. Why? Is it simply fear of a bear market from rising inflation and the rising quantum of US debt, or the sheer scale of the refinancing required. Or is it more fundamental in terms of geopolitics, a changing investment market, and better returns elsewhere. If so, it’s a lesson every country should absorb.

Elon Musk is the richest man in history. With great wealth comes great power and influence. How wisely is Musk wielding that power? Switching off Starlink in Ukraine, threatening Europe with “devastating consequences” on satellite broadband, and whatever deals he doing on the regulation of his companies all beg closer examination. He raises questions about his accountability, and whose interests he serves.

The Russians are masters of Maskirovka, the art of distraction, disinformation and misdirection. After sabotaging the transatlantic economy, the next stage is to destabilise Europe and break its resilience by fermenting social unrest, political conflict, and riots. The current waves of protest are likely to erupt across Europe with the potential of triggering a bond crisis, are deliberate and part of a hostile plan to remove Europe from the board.

Ukraine was stabbed in the back yesterday. Its defenders found their access to Starshield and Intel on incoming missile strikes suddenly blocked. Trump is saying nothing – but it's increasingly clear the orders came from POTUS. Trump is furious that Zelensky refuses to surrender Ukraine to his good chum Putin. It represents a new nadir of the Trump presidency.