Tag Archives for " macron "

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading