Compare and contrast the USA and Britain. The new country and the old. Our problems are not in our inventiveness, our skills or our people, but in how our societies work. We suffer from Politics that don’t govern, Businesses that don’t share, and Bureaucracies that don’t deliver. These are problems of late-stage democracies in need of a reset. Politicians keep promising – maybe one day one of them will actually make changes!

The amount of nonsense being written about the imminent collapse of the UK Gilts Market defies logic and experience. The numbers show demand for Gilts remains solid – but the growing, and often invented negativity over rising Lond-End yields threatens confidence in the UK’s bond market. Yield curves are steepening around the globe!  

What an interesting time we live in. Uncertainty, instability, markets hitting new highs as fears plumb new depths. Nothing to worry about. The global economy and markers are changing. Just how we won’t know till we can see it in the rear-view mirror.

A big question for 2025 is how resilient the US Treasury market will be to tax cuts, spending hikes and the deficit surpassing $40 bln in 2026! Trump is going to slash spending – taking tips from Argentina’s Javier Milei. Will it work – and is it suitable policy? Here in the UK, govt is taking tough decisions, but we are poised at the edge of the rabbit hole as polarisation looks set to dominate!

I feel sorry for Sir Keir Starmer. He’s become the UK’s most hated politician in a remarkably short period of time. It’s apparently all his fault. Labour’s dither illustrates the real crisis at the heart of broken Britain: long-term fixes for incoherent privately-owned infrastructure when politics focuses on the immediate here and now.

When a firm losing $5 bln per annum is valued at $160 bln, what won’t it do to post a profit? OpenAI’s new investors expect much of Sam Altman. But what does the insane and widening income inequality at the core of the repeating US Tech booms say about Peak Free Markets?

Markets are poised for the strongest year finish in decades, anticipating early rate cuts and upside in 2024. Meanwhile consumers wrestle with wages falling behind costs, while businesses struggle with debt. The gap between expectations and reality is simply too wide – and will become increasingly apparent.

Elections are a wonderful way to unravel the risks of political incompetency by letting the people, rather than politicians, decide. Meanwhile, the collapse of another thing in Crypto comes as no surprise. If it did, consider a career change.

The tragedy of Boris Johnson continues. The question is not why did they leave, but why have others remained in the bunker with him. Just what has Boris promised the new Chancellor, and does what is good for Boris coincide with what is good for the UK?

The successful mass pushback on the European Super League may seem a minor issue contained in the sports arena, but it highlights growing voter dissatisfaction with politics, wealth inequality, questions who will pay for funding recovery, and just how much longer the speculative bubbles can continue as the world changes.