Boris apologised – but is it too late? Resolving the innumerable crises facing the UK requires political focus, and less of the politically expedient indignation being displayed in parliament. It won’t make anything better, threatens further destabilisation, and diminish the UK’s global competitiveness..
Short porridge this morning as I’m angry and in a rush. As the UK government flounders in yet another storm of sleaze and corruption accusations, its venality and crass opportunism appears to be spreading through the economy, and is likely to hold back the recovery of personal and business travel.
As markets shake off their summer slumbers, what should we be worrying about? Lots..! From real vs transitory inflation arguments, the long-term economic consequences of Covid, the future for Central Banking unable to unravel its Gordian knot of monetary experimentation, and the prospects for rising political instability in the US and Europe.
GB News’ crushing of Militant Wokery has made the many companies threatening to boycott the new channel look very stupid. The woke agenda was basically “be nice”, but has been hi-jacked by militant cadres, becoming “be nice or else, and we define what is nice.” It’s a form of politics that can and will move markets.
Across the Occidental Economy there seems a trend towards political failure as polarization, sleaze and opportunism takes hold, even as electorates suffer from increasing inequality and declining prospects. As the threat of post-pandemic inflation rises, the ingredients are all there for further instability and labour strife. It’s all happening as the geo-political spheres of influence between China and the West are being redrawn.
Markets anticipate the end of pandemic, but the news flow from India highlights ongoing global crisis and Covid is here for the long-term. The risk of political instability from failed Covid policies is high. In the UK, political instability could ratchet higher on the rising tide of Tory sleaze and Dominic Cummings taking his revenge cold.
Why is Europe suspending the AstraZeneca Vaccine? What’s the real story? And; The trick to investing in disruptive tech is to spot the solution to a need, rather than an answer looking for a question.
This morning: Welcome to the New Morning Porridge! Its International Women’s Day! How strong might be the fallout from the collapse of Greensill and unravelling of Gupta in a market already wary of politicians?
Congratulations to Italy’s Team Luna Rossa Prada Pirelli winning the sailing Prada Cup on Sunday morning to knock the UK out of this year’s America’s Cup.
Blain’s Morning Porridge – Jan 25th 2025 – Scots’ Wha Hae! “Welcome to your gory bed, or to victory..” Tonight,…