The World is truly an interesting stage today!
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Very rare when all asset classes rise in price at the same time. Yet, this is happening right now.
Brexit gave Boris as foreign minister. Now that has to be worth a smile, or a laugh.
I think he might be quite good in that job, and he’s always funny
Rubino is wrong, in thinking interest rates cannot be raised.
The question is asked incorrectly.
Riddle me this.
How will the bond market be propped up, if the consensus turns to one of selling bonds?
My estimate is that the Fed cannot create enough money to buy the whole bond market.
Think of Mrs May as a
British Frau Merkel.
She is very experienced, very pragmatic.
After appointing a Foreign Sectretary, and head of Home office (like a Secretary of State)
She appointed a very experienced person (someone who ran for prime minister back in 2005) as the person in charge of Brexit negotiations, which is a separate cabinet position, about to get its own building and a bunch of experienced civil servants, borrowed from foreign office and home office.
CFS…Did you see her speech outside No 10. It surprised me, she had a lot of good things to say.
If she holds to what she said, & has the support of her minsters, then the Tory party could rule for the next 20 years….What do you think.
PS..I’m glad that grinning prat Osborne has gone.
here here
I listened to it.
As a six year veteran of the home office, surviving longer than anyone else in my memory…..in an office that used to chew up professionals and spit them out….tells me she listens, to logic, understands, and then is smart enough to make well reasoned decisions.
She is not an ideolog like Maggie. Neither is she easily fooled. She is like Frau Merkel; a soft, thinking pragmatist.
She has learnt from Merkel’s mistake over immigrants. She will not repeat that mistake.
She has to walk a very fine line between being firm and appearing intractable, which Maggie could never do. May has learned from that experience. I don’t think she’s young enough for 20 years, though.
She was educated at St. Hugh’s College, Oxford. Probably the best female College at Oxford when she was there, so I’m a little predudiced. She has a lot of political experience.
I don’t but she probably studied P.P.E. at Oxford, because my recollection is that she held economics positions. I’ll have to look up her bio.
She studied geography at Oxford, a pretty soft option!
But worked in the financial sector for 20 years before becoming an M.P.
CFS…I don’t support either of the two parties, but having watched her speech 5 times today I studied her eyes & body language I believe she has an honesty about her, rare for an MP. Do you think she will make a good PM ?
I didn’t but she’s made some bold appointments so she’s changed what I think about her
So far pretty good.
But there’s a lot of back-stabbing that goes on.
Her lack of an upper class accent helps her with the populace probably….just a bland southern accent. Labour is in disarray, but the lib deems
But the libdems might be planning a comeback. But she has 4 years, providing she can handle the very thin majority in Parliament. What is it ? 8?
12
I see my iPad is doing things again. I had my best laptop stolen and the other one is in CA.
Hi CFS, my macbook went mad this week, only fix was wiping and re-installing the OS, i think there’s a virus going around
“imbedded interest rates”. Great comment and good reasoning when considering government debt. As far as people reacting to neg. interest rates, for those few who can save, they won’t, except a few bucks under the mattress. They’ll spend it and here in lies the question: What will they buy? Equities, PMs, or more junk to store in their garage. The spending is a reaction somewhat akin to what people supposedly do when hyperinflation arrives. JMO