This week we seem to be seeing a change direction for the government. Teresa May, was by any standards impressive when she made her speech to the party conference. She did, however, praise the record of the Cameron government and still seems a little out of touch. The pound crashed this week down to 1.2454 this morning. She hasn’t got a vote of confidence from the market.
The whole economic picture for the UK and maybe for the world is still uncertain. Despite the super-computers running economic models and expert economists making their predictions, the economic future looks even more unpredictable than ever. The future for the UK is even more unpredictable because of uncertainty caused by Brexit.
The British parliament voted this week to extend bombing to Syria and the FTSE 100 dropped two percentage points the next day. Coincidence? Not likely. We can invest in bombs and bullets or we can invest in building things that will benefit humanity. I would prefer to invest in research to cure cancer. (more…)
Financial uncertainty seems to be caused by political considerations and lack of regulation. The problems in Ukraine seem to have taken a backseat now to the problems in Syria. The drop in economic growth in China seems to be less of a worry too. Those problems are still there, but we have more important things to worry about now! Get used to more uncertainty! (more…)