Category Archives for "Politics"

Never let a crisis go to waste

Well, they’ve got their financial reset, muzzled us and frightened us into obsequiousness. Unfortunately, as this CV-19 ‘pandemic’ develops, a chasm is opening up between Government policy in some countries and what is actually supportable by the IFR data. What might have been reasonable in the fog of the March panic is increasingly less so […]

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Curiouser and curiouser!

Will Trump go ‘full Boris’ after his brush with the ‘China virus’ and follow the Democrats with more lock-downs, or will it harden his resolve to get America back to work? Hopefully it will be the latter, as the pace of employment growth is already slowing and Pelosi’s foot-dragging on the stimulus bill will only […]

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Command economics, or just fantasy financing?

Are the lockdowns really an attempt to spare over-whelming health services, or an excuse to bail out all those bad loans sitting on bank balance sheets since 2008? Either way, as IFR data emerges and debt liabilities spiral out of control, the justification and ability to sustain these policies are crumbling. Without central bank support […]

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More fake statistics!

In war, the first casualty is often the truth. In the current pandemic and polarised political environment, this seems to be doubly so. Pre-existing conditions might be what kills you with COVID-19, but it is the pre-existing political bias and goal-seeking that is more alarming. Don’t expect the data to lead the narrative. Want Biden […]

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“Following the science” – Really?

A catchy mantra perhaps to help insulate Governments from responsibility, but is this really a credible excuse for the biggest self-inflicted collapse in economic activity and personal liberty since WW2? Relying on the output of a “scientific model” may sound sensible, but when that model is based on incomplete, if not flawed data, then the […]

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Jobs data pain for impeachment obsessed Democrats

Without power, all that’s left is pointless political posturing. Markets therefore should be content to suck up some short term central bank profligacy if it can deliver more solid jobs and wages data, as we’ve seen in November’s non-farm payroll data. But then again, perhaps voters will want to take a risk on an increasingly […]

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US August jobs – porridge tepid and cooling

Markets weren’t expecting much from the August non-farm employment data and they didn’t disappoint. While average wage growth remained solidly above +3%, the underlying rate of private sector job growth slipped back to an anaemic +64k, with +15k of this coming from temporary help. Although comfortably ahead of the level of contraction that would signal […]

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