Sigh. Nothing of the sort. My focus is only on dealing with the latest circumstances. There's absolutely nothing to be gained by pretending that everything is Ok. Face up to the fact that something is wrong and get it sorted. It's THE most common ...

Brexit: Northern Ireland Protocol bill continues amid election uncertainty

Anyone would think that the UK is the enemy of the EU or vice versa. The EU and the UK should genuinely want to work together quickly to fix things in a pragmatic way. This is the issue with politicians from all sides: they're quite happy to do ...

Brexit: Northern Ireland Protocol bill continues amid election uncertainty

Spot on. Common sense but politicians don't want to bend to pragmatism.

Brexit: Northern Ireland Protocol bill continues amid election uncertainty

A sort of Robin Hood Tax on everything illiquid owned only by the 1%? Every year? Not the 1.1%? Just the 1% that already pay something like 35 % of the tax receipts? I can think of all sorts of theoretical taxes that would affect anyone else but me ...

Can Sunak steer UK economy through 'profound crisis'?

Broad-brush I agree. I am not sure if you think I was advocating Trussonomics or libertarianism as that wasn't intended. I was merely making the point that the perception that increasing taxes is painless and without unintended consequences is ...

Can Sunak steer UK economy through 'profound crisis'?

Trussonomics was out of place in time. It could really only work if there was a following wind not a storm straight in the face. We're not on the same page with some of your thoughts BUT right now it is necessary to 'balance the books' and start ...

Can Sunak steer UK economy through 'profound crisis'?

I get your point(s) but I'd profer that 31st October would have been quite quick with the previous PM and Cabinet responsibilities, even if it would have been necessary as a fire-fight at the time it was announced. I'd hope that Hunt is given the ...

Can Sunak steer UK economy through 'profound crisis'?

He was responsible for the then economical response (the opposite of draconian) rather than the political/health security response to Covid. I'd say they're distinct.

Can Sunak steer UK economy through 'profound crisis'?

I agree with your analysis, although I'd add that he had to make those decisions in that moment in time, not with the benefit of hindsight and the knowledge of an energy crisis.

Can Sunak steer UK economy through 'profound crisis'?

The interesting thing is that to be fair to the the Parliamentary Tory Party, they actually wanted Sunak in the first place. The membership were clearly out of step and ill-prepared to analyse the situation properly, being too surprisingly ...

Can Sunak steer UK economy through 'profound crisis'?

Well, almost any <50% figure would not have been a surprise! We all know there's a recession in progress and will have been since the summer, so the markets are now just looking forward to some stable government and to learning what may be the ...

UK economic downturn worsens in October as service sector records fastest decline in activity...

We have a very similar approach, clearly. Secrecy is not so much about it being one's "baby" as the need for unique specificity, the need to be a few steps ahead of counter-measures or to avoid flooding the market, which would result in dilution of ...

The Fed is barreling towards a fourth straight 75-basis-point rate rise at the November FOMC...

So true, so true. There really is no substitute for prolonged, focused analysis and trial-and-error or Kaizen. The notion of there being a quick solution is mythological. I do something different: it started with the theory that the way to maximise ...

The Fed is barreling towards a fourth straight 75-basis-point rate rise at the November FOMC...

Whether it's true or not, no one wants to be on the wrong side late on Friday (if you're east of the Atlantic) so closing out positions is enough to create a panic-weighted surge.

The Fed is barreling towards a fourth straight 75-basis-point rate rise at the November FOMC...

Those comments are fine for one side of the floating currency debate. On the other side is that if you import important commodities, like energy and food, the other side of the equation comes into play, which is inflation, which erases the currency ...

Japan FinMin Suzuki: Excess FX Volatility by Speculative Trading Is Unacceptable, Closely...

Agreed. I've not traded JPY for a long time now. url

Japan FinMin Suzuki: We Are Facing Speculators in Market Severely; Don’t Think Public Finances...

Volatility . . . . in JPY? A trend that moves against your desire is not the same as volatility. Either they've been in a coma since forever, or they don't know the meaning of 'volatility' or someone has translated the intent incorrectly. They need ...

Japan FinMin Suzuki: Excess FX Volatility by Speculative Trading Is Unacceptable, Closely...

Any Trade Agreement is preferential to none. There is no such thing as a Free Trade Agreement. Hypothetically there is but reality would never allow it. If it was just a case of the degree of subscription to an economic club, counter-balanced by the ...

UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...

Yes, I agree but I suppose we just have to wonder what the focus could have been without Covid or Putler's War.

UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...

Yes, precisely my earlier point.

UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...