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Auto & jobs slowdown in August – another excuse for the Fed not to raise rates!
Another month of hints about imminent interest rate increases by Yellen and the Fed leak machine and we are probably no closer to an actual rate increase. At least in July we had another relatively firm private sector job creation and US auto sales to suggest that the super-low rate environment was well past its […]
Continue readingTurkey vexillum falsa – Cui bono?
Normally the Turkish military are quite efficient with their coups. This one however, looked surprisingly lame, with what seems only a tiny turnout and a complete failure to seize control of the media or airports. This enabled Erdogan to fly into Istanbul within a few hours and broadcast a rallying call to supporters on TV. […]
Continue readingBoris bounced from leadership race, but not buried
What was Michael Gove thinking when he knifed Boris? The man freely admits to having “no charisma”, yet having already dumped his previous friend ‘Dave’ Cameron, now thought he could also betray the man who had acted as torchbearer for the Leave campaign. Perhaps someone had whispered “Thane of Cawdor in his ear”. While Boris’s […]
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