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“The Big Short’s” Steve Eisman Is Shorting UK Banks, Expecting A Hard Brexit
“The Big Short’s” Steve Eisman Is Shorting UK Banks, Expecting A Hard Brexit Amid fresh reports that Theresa May may have a “secret” Brexit deal up her sleeve, one that would finally allow her to secure a deal that could win parliamentary approval thanks to a major concession from the European Union, one famous trader […]
The Consequences of System Failure
The Consequences of System Failure In short, every major political institution has been increasingly discredited as Brazil has spiraled deeper and deeper into a dark void. And from the abyss emerged a former army captain and six-term congressman from Rio de Janeiro, Jair Bolsonaro, with the slogan “Brazil above everything, God above everyone,” and promises to fix […]
Blain: “Liquidity Will Be The Murder Weapon”
Blain: “Liquidity Will Be The Murder Weapon” “Slain, after all man’s devices had failed, by the humblest things that God, in his wisdom, has put upon this earth”” After last week’s stock market ructions, my market spidey senses are tingling… https://morningporridge.com/stuff-im-watching In the headlights this morning: Saudi Arabia: forget the IPO and worry about MbS […]
Maybe a rethink from Brussels?
Maybe a rethink from Brussels? The entire fabric of the European Union is under threat while the hierarchy in Brussels sleepwalks into yet another crisis. The UK is highly likely to walk away from further Brexit negotiations, Italy which once survived on a diet of high interest rates and high inflation is threatening to blow […]
Gross Incompetence
Gross Incompetence Jean-Léon Gérôme Truth Coming Out of Her Well to Shame Mankind 1896 Here’s the lowdown: the EU’s single market mechanism dictates freedom of movement for labor, capital, services and goods. These are not divisible; you cannot have one without the other. Still, that’s precisely what Theresa May, again, is proposing. She basically wants […]
What The “Doomsday Brexit Plan” Document Says Should Frighten Us All
What The “Doomsday Brexit Plan” Document Says Should Frighten Us All This is the first paragraph of The Times article (paywall) regarding Britain’s now famous Doomsday Brexit plan. “Britain would be hit with shortages of medicine, fuel and food within a fortnight if the UK tries to leave the European Union without a deal, according to a Doomsday Brexit […]
Is Britain sleepwalking into a food crisis?
Is Britain sleepwalking into a food crisis? Image: Andrew Stawarz, CC BY-ND 2.0 On May 8th the government will end its consultation period on a new agricultural policy for England. Revealingly, its policy document – called ‘Health and Harmony: The future for food, farming and the environment in a Green Brexit’– has more to say […]
1984 Is Not The Future
1984 Is Not The Future Jacobello Alberegno The Beast of the Apocalypse 1360-90 The Guardian ran an article yesterday by one of its editors, David Shariatmadari, that both proves and disproves its own theme at the same time: “An Information Apocalypse Is Coming”. Now, I don’t fancy the term apocalypse in a setting like this, […]
Was Russian Spy Poisoned To Avert Brexit?
Was Russian Spy Poisoned To Avert Brexit? In July 2003, Dr. David Kelly, a British weapons inspector who disclosed to the media that Tony Blair’s government’s dossier on Iraq’s weapons of mass destruction was “sexed up,” was found dead in a public park a mile away from his home. The inquiry into his death concluded […]
Forget About Catalonia And Brexit, The Next European Black Swan Could Be Transylvania
Forget About Catalonia And Brexit, The Next European Black Swan Could Be Transylvania Over the past 100 years, the borders in Central and Eastern Europe have been redrawn time and time again, often leaving groups of people separated from their home country by new borders. Although land often changed hands relatively peacefully, suddenly finding one-selves […]
Grexit
GREXIT QUESTION: I just read an article about Grexit and the MoU that expires in the summer of 2018. Let’s assume Greece exits EU and the Euro, what would happen to Greece and it’s people? What hardships would Grexit bring to the Greek people and what could individual Greeks do to prepare themselves for these hardships? […]
Ray Dalio’s Shorting The Entire EU
Ray Dalio’s Shorting The Entire EU Salvator Rosa Heroic battle 1652A point BOE Governor Mark Carney made recently may be the biggest cog in the European Union’s wheel (or is it second biggest? Read on). That is, derivatives clearing. It’s one of the few areas where Brussels stands to lose much more than London, but […]
The European Union Is Doomed to Fail
The European Union Is Doomed to Fail How on earth can the European Union unite that which history forced asunder? Have you ever heard of Deutsch Jahrndorf? No? I don’t blame you. The tiny Austrian village, which is situated four miles from the Danube, is utterly unremarkable, except for the fact that it sits on […]
Trump, the CIA and the Yokeldom
Trump, the CIA and the Yokeldom Jackson Pollock The Deep 1943 The western world is mired in a mile-deep political crisis and nary a soul seems to notice, or rather: everyone just sees their own little preferred echochamber tidbits of it. Which is not a good thing, because that crisis is bound to trigger […]
Blowout Week 172
Blowout Week 172 In this week’s Blowout we return to Brexit and its impacts. It is now reported that following Brexit the UK will “scale down its concern over climate change” and scrap the EU’s 15%-of-total-energy-from-renewables-by-2020 target. Can outright repeal of the 2008 Climate Change Act be far behind? Telegraph: Britain preparing to scrap EU […]
