Self inflicted damage by the Democrats who continue to push for unemployment benefits rather than re-opening has lead to another dismal unemployment report. Consensus estimates were near 1 million jobs, but came in at a paltry 266,000. Make no mistake,…
Political look-ahead to year end
As Biden continues his head first dive into progressive policies with Executive Orders, there now comes the time that legislation needs to be passed in order to fulfill the recent rhetoric on taxation, climate change and racial equity, to use…
The EU’s attempts to grab business from the City and thus from a common law jurisdiction are a danger to markets
In all the maelstrom of debate about the future of global financial services in light of Brexit, one key point is often forgotten. That is, that the UK’s common law, pragmatic approach to law and regulation is intrinsically the safest…
The great divide between progressives and centrists will now be on full display over Reconciliation
To understand what the reconciliation option is, it is simply a call for the budget by Reconciliation, while avoiding the filibuster. It informs certain Congressional committees to change budgets for spending, revenues, or deficits by specific amounts. Each committee writes…
CRY HAVOC
Why do people compare COVID with war, and why is that wrong? In #Italy, partly due to the fact that the present #COVID tzar is a military man, some people in the ruling classes have started uttering that “Covid is like a war”.…
Biden’s conundrum between economics and politics
Over the last couple of weeks, the Fed has managed to keep the S&P 500 elevated and close to 4000, despite the bond vigilantes beginning to flex their muscles. This turbulence may soon be over, wherein you could see the Fed…