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2019 or 1648?
Will Corbyn now hold us all hostage with the fixed term Parliament Act? This is all looking a bit like a re-run of the ‘Long Parliament’. “On 1 December 1648 [4 September 2019] , the House voted 129 to 83 to continue negotiations with Charles [the EU] for reforming the government on terms they had […]
Continue reading1848?
BTFD or STFR depends on what game you think is really being played out there in markets. The recent bounce in equity prices on the apparent reversal in the Fed’s QT narrative together with an improving narrative on Chinese tariffs and now hopes for a reversal in Brexit, notwithstanding the resounding defeat of Theresa May’s […]
Continue readingWhat are we to do for entertainment once May goes? – Gove?
The impending demise of Theresa May’s government will be a sad loss to many of us who have been relying on our daily fix of gallows humour to keep us entertained. While many have been, and in some cases still are, deluding themselves that the EU is our friend and will negotiate a fair deal’ […]
Continue readingL’Empereur Micron makes the case for an EU army
“We have to protect ourselves with respect to China, Russia and even the United States of America,” Mr Macron told radio station Europe 1. And the occasional stroppy 12 year old student as well it seems!
Continue readingBrexit means Brexshit!
Confused? You certainly should be as the political game of betrayal over Brexit reaches its denouement. In the very short term, markets (both fx and equity) are unfazed by the ‘deal’ being foisted on them, as they have already been softened up by the project fear propaganda – ‘any deal is better than no deal’. […]
Continue readingJune US jobs data – surprisingly stable
Yes, its out; the US non-farm payrolls for June. In between love island, the World Cup footie and what counts as financial porn (endless tit-for tat negotiations on tariffs and Brexit) you might have missed these. For those fretting about interest rate rises on an overheating employment market, I shouldn’t worry too much that it […]
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If the Tories are heading for extinction, what next – Corbyn for PM?
Can it get much worse for Theresa May? Having botched an unnecessary general election, her grand solution to the Brexit negotiations is basically to try and do nothing. Having been sucked into the EU’s negotiating agenda of pay now, talk later on trade (or perhaps not at all), her ‘Florence’ proposal is now to seek […]
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