Thoughts on market bubbles, peak Elon Musk, who's to blame for Britain's stagnation, how Trump can make Europe great again, and Masayoshi Son's latest bet
I keep reading about how the Tories allowed immigration rates of close to a million a year but you’re saying there is a labour shortage, is this because the ‘wrong’ million are coming in or does Britain need more than a million people net a year just to fill labour shortages (before even getting to funding pensions) because if that is the case somebody in UK political life needs to touch the third rail and start explaining the positives of immigration soon or they’re in real trouble
Always a worthwhile read. I think you let Reeves/Starmer off the hook. The reality of sucking money from the private to a bloated public sector and setting fiscal against monetary policy just a Britain try’s to escape a few years of stagflation. The 10 year gilt rates tell you who the market holds responsible for all this.
It's nice to read you. As a European I am concerned about the bursting of a bubble in the USA or the USA bubble because in that case to plug the gap they start selling what has a solid basis, that is shares of EU and UK companies.
I keep reading about how the Tories allowed immigration rates of close to a million a year but you’re saying there is a labour shortage, is this because the ‘wrong’ million are coming in or does Britain need more than a million people net a year just to fill labour shortages (before even getting to funding pensions) because if that is the case somebody in UK political life needs to touch the third rail and start explaining the positives of immigration soon or they’re in real trouble
Always a worthwhile read. I think you let Reeves/Starmer off the hook. The reality of sucking money from the private to a bloated public sector and setting fiscal against monetary policy just a Britain try’s to escape a few years of stagflation. The 10 year gilt rates tell you who the market holds responsible for all this.
Really excellent posts in what is an essential reading blog. Happy Christmas Simon and come back refreshed in 2025
Surely wage inflation accelerated in October because of the massive public sector pay rises
It's nice to read you. As a European I am concerned about the bursting of a bubble in the USA or the USA bubble because in that case to plug the gap they start selling what has a solid basis, that is shares of EU and UK companies.