Brexit – Isn’t it cricket to applaud the half century?

Wondering why sterling is plummeting ? Well In cricket, that game only the English, and her ex-empire play, its courtesy to applaud a batsman upon reaching 50 runs in an innings. So is the pound applauding that achievement today ? Have those who are battering PM May, got to the important milestone of 48 letters, (required …

Brexit – When James Bond’s old boss talks, you’d better listen

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 …

The (last) flight of the Easy Bee … how we learned to love the World’s favorite Central Bankline…

It’s nearly 6 yrs since Mario Draghi compared the euro to a bumblebee and uttered “whatever it takes” to calm markets. So was born the Easy Bee, re-opening the credit channel and promoting some semblance of economic growth through out the Eurozone. A success ? Well to win, at first you have to survive. It’s …

Cracking the Genetic Code of Inflation – the future is “metallic gray”

My ex-colleage and good friend Ken Leech often recounted that “the story of interest rates is the story of inflation”. Put differently, where inflation goes determines where interest rates go. Today, inflation is considered a mystery. Despite the trillions of dollars poured into the US, European and Japanese economies over the past ten years, inflation is …