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November 22, 2019

Rest easy .... we're not getting too UK-centric, it just looks that way at first. The truth is that Brexit chaos and the imminent general election that it has spawned make the UK the provider of many of the finest (which is to say, the most extreme) examples of modern...

November 20, 2019

ref: - "HSBC Says British Pound May Soar. Or Crash”, Bloomberg Markets 19/11/19

Regulars will know that as a rule we've tried to avoid the subject of Brexit like the plague, as much as anything else on the grounds that whatever one's point of view on the matter it's jus...

November 14, 2019

ref: - "Tail Risk" by Tommy Stubbington, The Financial Times, Companies and Markets 13/11/19

Apologies for pointing you to a piece that appeared yesterday… we weren't able to get to it then but it's worth a look as it not only ties in pretty neatly with what we were tal...

November 11, 2019

ref :- "Rising Yields Quiet Bond Market's Key Recession Alarm" , The Wall Street Journal

There is, or at least there used to be, a certain image of the gnarled old trader ..... one who's seen it all before and for whom sensible caution has given way to cynicism. Actuall...

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