Scotland - Blain's Morning Porridge

Scotland… Independence or vote Labour? It’s a critical call for the UK!

Nicola Sturgeon’s resignation as Scotland’s First Minister has triggered fervid speculation about votes going to Labour – another nail in Tory hopes of electoral recovery. Things seldom play out as expected – the Scots are a troublesome lot!

Only one contest matters in UK local Elections

UK Local Elections are pretty dull and meaningless affairs, but the vote in Scotland is perhaps an even more important plebiscite than Brexit. If the SNP achieve an absolute majority, then the UK could plunge into more years of uncertainty and distraction – whatever Boris thinks.

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Recent Porridge

An Open letter to the Mayor of London, Sadiq Khan, and the Housing Minister Rachel Maclean
March 24, 2023
Outrageous rental increases and the naked greed of professional landlords will result in a dearth of young workers priced out of London. It will destroy the City’s economy and negatively impact the UK even more conclusively than the Luftwaffe, political mistakes, global banking crisis, pandemic or recession.Read More »
Banks, The Fed, Rates, Inflation = A Stagflationary Bust?
March 23, 2023
The Fed tries to be dovish to calm market fears, but banking fears and inflationary threats on the economy may lead us somewhere new: A Stagflationary Bust!Read More »
What next for Banks in wake of CoCo crisis from Credit Suisse and Rising Inflation?
March 22, 2023
Just how vulnerable are banks to further contagion and crisis? With inflation still running loose, central banks still set to hike, while consumer and corporate pressures mount, the banking crisis may only just have started.Read More »
CoCos, AT1s – Proved Right at Last!
March 21, 2023
The “rescue” of Credit Suisse, thereby averting a European banking crisis, is getting less comment than the nixing of its $17.5 bln of CoCo Bonds. I’ve been warning about CoCos since 2011. Finally I got something right!Read More »
The War Between Market Stability and Chaos hots up – How will it play?
March 17, 2023
Central Banks face a mighty challenge persuading markets and depositors the banking system is stable. The war between chaos and order in markets has turned hot. At stake is the stability and future of the global economy. Anyone for the last few choc ice?Read More »