1. Tory parliamentary party at war

    Published: Tue 05 July 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Tuesday 5, July 2022

    UK political news

    Sajid Javid and Rishi Sunak, NHS Secretary and Chancellor have resigned their cabinet posts. Boris Johnson has been the target of relentless contempt from mainstream media, principally for telling bare-faced lies (allegedly).

    The pound sank 1.3% to less than $1.20. Gilts …

    read more

    There are comments.

  2. Happy Holidays to my US readers

    Published: Mon 04 July 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Monday July 4th, 2022

    Founder-led companies

    Outliers has a post about collecting letters from companies who are led by their founders. Here it is.

    Some of these companies are worth further pursuit.

    NGDP good news

    The world is now fixated on inflation. One of the most important functions of money …

    read more

    There are comments.

  3. Is the Fed insolvent?

    Published: Sun 03 July 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Sunday 3, July 2022

    Rudy has been recycling his greatest hits on Substack

    You can read his latest compilation here. Bill Fleckenstein has been talking about the time when the bond market takes away the printing press. The bond market has been weak, and one of the biggest holders of …

    read more

    There are comments.

  4. Is housing the next shoe to drop?

    Published: Fri 01 July 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Friday 1, July 2022

    Housing

    House sales are down by 50% since the peak in the UK. There are a lot of distortions in the UK, not least the mad “Stamp Duty Holiday” of last year. The big problem is the wariness of lenders. The UK has had, for the …

    read more

    There are comments.

  5. Mid Year review

    Published: Thu 30 June 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Thursday 30, June 2022

    Looking back over two quarters

    6M chart of ACWI

    World stockmarkets (here represented by the ACWI ETF, which tracks the global, market-cap weighted, equity level), have had a relentlessly bad six months. The culprit is the tightening of monetary conditions. This is probably going to go on. Personal Consumption Expenditure …

    read more

    There are comments.

  6. Nearly at the half year end

    Published: Wed 29 June 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Wednesday 29, June 2022

    Covid

    So many people have Covid. Everyone is coughing. Supposedly, this is the BA.5 variant. I just know that a lot of people I personally know have got tested positive. This thing is not going out without kicking and screaming. I am not sure govt …

    read more

    There are comments.

  7. In retrospect, it all seemed so obvious

    Published: Tue 28 June 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Tuesday 28, June 2022

    Inflation and commodities

    Kuppy talks about ‘Project Zimbabwe,’ by which he means the incontinent money printing of central banks in response to the pandemic, wobbles in the polls, the market getting twitchy … well, more or less anything that might make politicians look bad. The logical response …

    read more

    There are comments.

  8. Are we at the bottom yet?

    Published: Mon 27 June 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Monday 27, June 2022

    Crunch!

    Ouch!

    Equity markets have fallen a long way, but they are still above trend. As an inveterate bear, I think we have further to go, but I can see why a lot of people are saying that we’ve turned the corner.

    Inflation is running at …

    read more

    There are comments.

  9. Oil goes to $30 per barrel?

    Published: Sat 25 June 2022
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Saturday 25, June 2022

    Nobody knows nuffink

    Nobody knows anything” is a quote from William Goldman, “Not one person in the entire motion picture field knows for a certainty what’s going to work. Every time out it’s a guess and, if you’re lucky, an educated one.” The …

    read more

    There are comments.

links

social