90 days ago
Both the Tories and Labour yak on about saving the nation’s pubs. I am not sure that against a backdrop of changing demographics and also changing behaviour in terms of drink that this sector can ever boom and grow again. However both parties have had the power to slow the rate of decline, both have done nothing. It is thus doubly dishonest for either to claim they will reverse the decline.
3113 days ago
Peter Schiff is a libertarian a gold bug and a hero of mine. So I listen to what he says. His latest podcast - not surprisingly - has a similar world view to mine. The Fed is now indicating it needs evidence that the Q1 weak economic data is transitory and not a trend. This is interesting for 2 reasons. The Fed’s narrative has always been to tout economic growth even in the face of flimsy or no supporting data. Now the Fed is actually admitting there is weakness. The other interesting thing is that, although the Fed continues to claim it is “data dependent”, it has been ignoring the economic data ever since the first rate hike. The market puts chances of a June rate hike at almost 100%. Maybe that is because it believes the Fed will raise rates regardless of proof.
