Category: Uncategorized

Self-inflicted Unemployment Debacle

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…

A range bound Dollar is more likely

Bullish US$ capped at 93-95 DXY ·         US vaccine distribution has surpassed every modernized nation (except the UK) ·         US Fed/Treasury actions would want to limit the perception of failing dollar ·         US Fed/Treasury actions to improve its purchasing power in order to…

The Crisis that never was – An Italian perspective

By: Giovanni Ponzetto Covid notwithstanding, I believe that the authorities do not yet appreciate the extent of the crisis now facing the EU…..they will, but we are not there yet. One of many things about Europe that irritates me, during…

News in Brief

Trump at CPAC Trump makes his first political appearance at CPAC Feb 28. Fresh off impeachment 2.0 “victory”, Trump looks to make his political future a bit clearer in Orlando this weekend. The realization by Nikki Haley, Mitch McConnell and other GOP…

A former ally takes on Macron

It was a key, decisive moment for Emmanuel Macron when Francois Bayrou teamed up with him during the presidential election campaign in 2017. Bayrou, the eternal bridesmaid in French politics, gave up his own candidacy to back Macron, who was…