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Panic attack for Klaus’s Young Global Leaders

Klaus and his ‘Young Global Leaders’ seem to be getting rather over-excited recently, with their increasingly frenzied attacks and scapegoating of those heretics and blasphemers of their cherished plans for the New World Order. But then this is perhaps understandable, as everything is beginning to unravel. The new scariant Omicron is not only proving to […]

Gold slumps – forming a ‘Macron bottom’?

So what’s up with the Gold price, which has tumbled by approx -5% in less than 48 hours? While 10 year US treasury yields are barely changed, a falling gold price on a rising US dollar suggests the Fed may be forced kicking and screaming back onto a monetary tightening tack and this also seems […]

L’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!

Gone by May?

As a student of history, Putin is probably well aware of Napoleon’s maxim of “Never interrupt your enemy when he is making a mistake”. The US, France and UK may well feel empowered this morning after attacking Syria with around $200m worth of missiles, but what have they achieved? The Syrian military has not been […]

Yellen does virtuous – 5 years too late!

Confused? Well you should be be if you’ve been believing the usual output from the Federal Reserve. Contrary to the narrative of robust US economic growth and tightening labour markets requiring a normalisation of interest rates, things aren’t quite as rosy as Ms Yellen had been suggesting. Behind the increasingly absurd non-farm payroll data with […]

When you need to believe the ‘crazies’ are in control

Management by chaos . Did anyone seriously believe that Trump would be able to get his ambitious stimulus plan through Congress if the economy was chugging along nicely as Yellen was continuing to portray? It was almost as implausible as expecting the EU to offer a painless Brexit for the UK while they remain convinced we […]

Expect relief rally on a probable Macron win, but beware the implications of the forthcoming UK election in June

French Presidential elections are stacked against the extremes, as was the intention. Round one provides the electorate with the illusion of choice as they favour their particular candidate. By round two however, the vote is more likely cast with a view to exclude their least favoured candidate. As long as one centrist candidate can get […]