The debt crises that apparently threaten to engulf Paris and London are very, very different. Paris is in genuine financial and market trouble. London has a perception problem.
Both crises are rooted in political/fiscal miscalculations and the widening polarisation between political populism and conventional politics. The crisis in Paris is very real, but the one in London is largely driven by Doom-Scrolling financial misdirection of doubtful right-wing provenance, looking to snipe the centrist Labour govt.
Last week the Axis of Autocracy gathered to watch a spectacular military parade. Here in the West governments are tripping over themselves as politics become ever more polarised and ineffective. How should these factors inform investment decisions?
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