The economic consequences of the war in Ukraine
The Ukraine War has catalysed a tsunami of negative economic events around the global economy – and markets are remaining pretty much blind to the long-term consequences.
Blain's Morning Porridge
Financial Commentary for Smart People
Blain's Morning Porridge
Financial Commentary for Smart People
Category UK
Strip British Airways of Flag Carrier Status – a Social and Corporate Governance Failure!
The often missed point about ESG is directing investment to encourage corporate social responsibility and good corporate governance. British Airways is a screaming failure on both aspects – time to take away the flag logo, the name and flag carrier status. Sell!
The Political Threat Board Flashes Red
Populism is a massive threat to markets. Inflation, tax-hikes, petrol costs, poverty, political mismanagement and a host of other failings could further destabilise the West, while markets seem determined to stay euphoric whatever the evidence to the contrary.
Sell Persimmon – a bad company that fails every ESG test
Persimmon, the UK home builder, demonstrates just about every single possible corporate failing; bad governance, greed, social and environmental contempt, and protects itself with purchased politicians. Time it was disciplined by the market.
The Macro and Micro faultlines set to take down markets – from Ukraine to the UK Post Office
The world is a complex place, and the massive macro threat posed by Ukraine is a clear danger to markets. Less clear, but just as significant, is economic failure at the micro level as firms start to fail as banks pull back, and the sheer injustice of what happened to UK Postmasters. The elites will protect their own - not a single manager will go to jail despite their appalling treatment of post office staff.
Consequences, Consequences, who would have guessed…
Markets are great at reacting to a single stimulus but are like a frog in a pan of warming water when it comes to consequential events. Forget “Black Swans” or “no-see-ums”, but figure out how the increasingly complex picture of unfolding events and consequences are driving markets!
UK in Crisis: Should Covid claim another victim while self-righteous wrath sets the tone?
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..
The problem with Money is too much of it makes people stupid.
The problem with money is there is just too much of it, and all the wrong people have got it.
Sleazy UK Politics may Breed Corrupt and Venal Companies
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.
Blain’s Morning Porridge Extra – The Olympics is a great example of the UK’s Soft Power
The Olympics is a great example of the UK's Soft Power