Searching for explanation where it really matters
With only hours (well dozens of them) left before the existential Vote on PM May’s Withdrawal Agreement, no surprise it’s becoming “feisty”. However a couple of incredible articles, and letters, seem to be being “ignored” by the press. It seems to me, that when the ex-head of MI6 tells you that the agreement endangers UK National …
Continue reading "Brexit – When James Bond’s old boss talks, you’d better listen"
As we mentioned here, having been a pointless see-saw for 18 months, we now believe the race to the buzzer over the next six months makes Brexit the main theme to watch. Therefore, expect these irregular but frequent updates. Today a couple of crucial new pieces of information appeared. 1 the ECJ has hinted, if …
Our new weekly post - all our comments and views summarized and reviewed on a Monday morning. Every week we will summarize our thoughts from the previous week, employing the following format; What we thought (going into the week), What happened (during the week) and What changed for us. Enjoy..................................... What we thought Having come …
Amongst all the “sky fell already” comments I read ubiquitously, I wondered is today a welcome timeout for reflection? Perhaps even thanks might be appropriate. So in this short note we try to give some perspective on the “collapse”, and with it draw a deep breath on what might go right in the next few …
Continue reading "Shock horror! – Stocks have gone nowhere (slowly) this year."
The futility of trying to untangle this unholy mess is becoming clear What are the options of the UK Government (and others)? In this very short note, we cut to the chase. Raab outs in the headlights? With the resignation of the chief negotiator, the UK government faces a rebellion that will endanger its future. …
The Brexit clock ticks down to the last few months and still no way “out” in sight. Despite the optimism that a deal has been done, the political mood sours by the minute. Here we explore the ironic similarity between current events and the scene almost two hundred years before, and look for lessons offered.
For those wondering where we've been throughout the month of October (and most of September for that matter), a quick and humble explanation.
The much awaited, but much misunderstood BoJ meeting passed today. Like many Central Bank meetings (and indeed many Central Banks), these events are difficult to read precisely. And this no exception. The BoJ has managed to disappoint the full spectrum of market participants - from those that expected a clear reversal of policy, to those …
We measure inflation using “indices”. They are at best, very rough guides to the change in “average” prices in our economy. But they’re fraught with problems, like “whose average?” Or indeed who is Mr and Mrs Average? So the debate as to which method is righ is very important. We’re seeing such a debate in …
Continue reading "Fahrenheit 101 – why inflation indices are so controversial."
This website is born of frustration. After many episodes of inflation, some of which triggered financial crisis, it remains clear that never in the field of finance have so many understood so little about so much (of importance). That concept is inflation. This website is an attempt to address that. So what is inflation, and …
Continue reading "Born of Frustration – how to think about inflation"
