Following up from our previous post, both the Fed meeting and the Presidential debrief were “Closed to Press” so we are all none the wiser except to say that central bank activity is “hotting” up and we can expect more of the unexpected, despite “guidance” to the contrary. In...
Hold the front page – April 10th 2016
Latest BBC business news headlines – “Martha Lane Fox joins board of Twitter” – “Brighton Pier sold for £18m” – Cameron “I could have dealt with the tax question better”. All quite fascinating and totally irrelevant compared with the piece of news that the main stream media (MSM) have...
The narrative is changing…central bank omnipotence is on the wane
Central banks have held the aura of omnipotence for some time now. Alan Greenspan was the first to have a “put” named after him, but the current incumbent is not so sure that she wants that title. She does not appear to be “sure” about many things within her...
Brexit – where do you stand?
It will come as no surprise to regular readers that your scribe is firmly in the “Leave” camp. As a twenty something in 1975 I voted for the UK to join what was then the European Economic Community. At that referendum the vote was two to one in favour...
The cashless society
This piece has been written by Simon Black at Sovereign Man a site well worth a visit http://bit.ly/1PFI877 It explains why the powers that be have started a campaign to do away with cash and gives an insight into the ever parlous state of the banking system. Things are...
Negativity, relativity and dark matter
At school, I was taught Newtonian physics. Einstein didn’t get a mention despite having posited his theory on relativity some 60 years earlier and when much later I realised my education had been sorely lacking I wondered what else I hadn’t been told! That’s the trouble with “new” theories,...
To the Girl in the Pink Dress – I’m Wild About You!
If you cant use your own blog site to wish your beautiful wife a Happy Valentine’s Day then what’s the use of having one?! For my regular readers there will be another edition of the “View” along later today so in the meantime have a look at some back...
How I learned to stop worrying…
A headline last week asked if we should be worried about the banks. There have been relatively few times when worrying about the banks has not been in vogue, but now is not one of them. The cap on UK deposit protection was reduced last year to £75,000 per...
A picture is worth a thousand words
Well OK charts not pictures, but getting a visual fix on the markets is helpful for some of us. For others technical analysis is akin to astrology or witchcraft, but I prefer to think of it as an aid to behavioural psychology and we all need help on that front....
The Big Short
Last week saw the opening in the UK of the movie of the same name. It is a must see for market historians as well as diviners of the future. It will remind us of the abject greed, arrogance and unremitting belief in a system that was in fact falling...