“Whom the gods would destroy they first make mad”. This ominous observation, made by nineteenth century American poet Henry Longfellow, confronts rulers riven by internal discord so deep that it immobilises any capacity for coherent action. [more…]
Liz Truss and Kwasi Kwarteng have had to bear the brunt of the markets’ predictable reaction to their mini-budget last month. Although amateurishly presented and poorly explained, it was nevertheless replete with strategy for growth. [more…]
Despite much anticipation the economic recovery plan proposed by Britain’s Tory Party after the departure of former prime minister, Boris Johnson, is missing one key ingredient that will ensure its failure–spending cuts. The new “temporary [more…]
In raking over the embers of Truss/Kwarteng aspirational economics a few observations are still pertinent. The fiscal “event” they staged was, its critics opined, “stillborn”, dead at birth – with no hope of getting it [more…]
Claudio Grass (CG): With everything that’s been going on, it could be argued that very few of Liz Truss’s predecessors had worse luck in their first month in office. The Queen’s death dominated international mainstream [more…]
A lot has been said and written about Britain’s political and economic woes since Brexit, and even more so over the last two years. Overwhelmingly, mainstream media coverage has been negative and many of the [more…]
Warren buffet famously quipped: “When the tide goes out you can see who has been bathing naked!” Now we know! Both candidates for the premiership are senior Conservative Cabinet members and Ministerial office-holders, and naturally [more…]
The definition of insanity attributed to Albert Einstein is doing the same thing over and over and expecting different results. Lets apply that definition to the current economic and political climate. The current price rises [more…]
In a few days the British Conservative Party will select a new prime minister from within its ranks. The new PM will have a short-lived opportunity to select new ministers. But more importantly, due to [more…]
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