Home

Welcome

2018 Oct 13 - Stock Market Losses

20181013
There's that old joke about what's black and white and red all over, to which the answer is either a newspaper, or the corporate balance sheet of a newspaper in the digital age. Nonetheless, the leaves are starting to turn red and so were a lot of stock markets this week with the FTSE 100 dropping below 7000 points. Not to be mistaken for dropping 7000 pints, which is what Peter O'Toole and Oliver Reed and used to call a "fun weekend."

Share prices have been going up for the past 10 years and the last time we had a market crash, Prince William had a full head of hair and Netflix was a company that physically posted DVDs to you in the post. Stock market losses in the past week have been attributed to many things, the US trade war with China, Brexit uncertainty, US midterm election uncertainty not to mention the reptilian overlords that David Icke likes to write conspiracy books about. I've always thought that if he were correct and the Queen was secretly a reptile, the bedrooms at Buckingham Palace would have a lot more UV strip lighting in them.

Anyway, the economy. What is certain is that central banks have allowed an asset bubble to grow well beyond anything that can be controlled sensibly and at this point the only question is whether there will be a crash and defaults when investors realised that rates are rising and the game is up, or whether inflation will kick in with regular savers bailing out the markets and bond-holders by stealth. I was going to make an analogy of the stock market being a bit like the bus at the end of The Italian Job, except at least in the Italian Job there was a big stack of gold to help them out, and the Italians in that film still had their own currency rather than being held in bondage by political forces at the ECB.

What is also true is that whatever happens, Theresa May and President Trump will be given 100% of the blame. Or to be more specific, Trump will be 40% responsible, Theresa will be 40% responsible, Brexit 30% responsible, and the fact that those add up to well over 100% will not be entirely surprising given the academic pedigree of the armchair economists that will be invited to provide punditry to the masses. The sort of people that need to give you change when you offer them a penny for their thoughts.
Share >>>
http://www.calvinsworldnews.com/searchresults.php?searchfor=20181013

Older posts, click on them to expand:

2018 Oct 06 - Conservative Party Conference

20181006
Birmingham once gave us the band The Moody Blues so is seemed appropriate that moody blue rosette wearing MPs gathered in Birmingham this past week for the Conservative Party Conference. There were fever pitch levels of excitement normally reserved in Birmingham for a nill-all draw at Villa Park. But this wasn't football, it was politics and rather than a game of two halves, this was more like 8 full pints and a bottle of whisky into the night as scheming ministers gathered to see if Boris would ......

2018 Sep 29 - Labour Party Conference

20180929
Well the US Supreme Court decision has delayed for a week. That's almost as long a delay as a Southern Rail train! So in the meantime let's talk about the Labour Party Conference which was held this last week in Liverpool. They were in Brighton last year which frankly always came as a surprise to me as there's not too many Bright'uns in the leadership right now

Anyway, there was much of what you'd expect, everyone out-doing each other with speeches about how much they hate money and why they sh ......

2018 Sep 22 - Theresa May in Salzburg

20180922
Theresa May has had a fairly bad run of luck with her Brexit plans so when I heard that she was heading out to Austria, I half expected her to land in Melbourne after a miscommunication. Nonetheless, the plane touched down and she began a quick round of negotiations that turned out to be about as productive as a Venezuelan factory.

Mrs May had gone over to Salzburg in order to push her Chequers proposal again but whilst Salzaburg was once home to Mozart, this week it was more Like that John Cag ......

2018 Sep 15 - Hurricane Florence & 2 Russian Spies

20180915
It's once again tropical storm season with Hurricane Florence crashing into America's east coast like Mel Gibson in the parking lot outside a liquor store. In addition to the loss of life and the economic impact of the storm, the property damage alone is estimated to be $170bn and you have to remember that that's just the initial quote the repairman gave. So bear that in mind when you look at the pictures of mobile homes and trailers which have been for whatever reason, remained firmly in place ......

2018 Sep 08 - Trump's Traitor

20180908
I tell you what I don't trust: stairs, because they're always up to something. But talking of not trusting people, President Trump woke up this week to discover that one of his loyal inner circle had anonymously written a column in the New York Times that was the editorial equivalent of Gordon Ramsey going berserk in a badly run kitchen. This came just one day after scathing excerpts were published from yet another anti-Trump book, this one written by Bob Woodward who was of course famous for r ......

2018 Sep 01 - Anti-Semitism in the Labour Party

20180901
Ok, Frank Field and possibly others are finally quitting the Labour Party so it's time to get round to talking about anti-semitism and Jeremy Corbyn's purposeful woeful attempt to eradicate it. Until a couple of years ago the Labour Party was run by Ed Miliband, someone who claimed to be not just jewish but a modern sort of jewish where you get to eat bacon sandwiches and have your own set of ten commandments carved up except instead of Judaeo-Christian laws they're actually vague promises about ......

2018 Aug 25 - Manafort and Cohen Guilty

20180825
America has given us baseball, jazz and just as importantly (and depressingly) a culture in which top lawyers are treated like Babe Ruth and Louis Armstrong rolled into one and this past week saw more legal drama than a whole series of Perry Mason as the investigation into the 2016 election cracked up a notch.

Paul Manafort, the president's campaign chairman was found guilty on 8 counts consisting of tax fraud, bank fraud, hiding foreign bank accounts, and now faces 240 years in jail. That's a ......

2018 Aug 18 - Aretha Franklin & Trump's Military Parade

20180818
This week saw the loss of music legend Aretha Franklin after her final major hit turned out to be morphine. I imagine that she's up there singing, RESPECT while recently deceased Barry Chuckle follows the line "you know what it means to me" with "means to you" Aretha passed away on the 16th which was also the same date that Elvis died and the same date that Pete Best was kicked out of the Beatles, thus loosing out on a lot of money, but at the same time avoiding having to ever spend time with Yo ......

2018 Aug 11 - Boris, Burkas and the Space Force

20180811
Two stories this week and just like spellings of the word Colour, one is from the UK and one from America.

Let's first talk about Boris Johnson was embroiled in a row after making comments about women wearing the Burka resembling a postbox, a row possibly inspired by the thought that the next tory leadership election will involve sending out thousands of postal ballots to the party faithful. The comment or joke or hate speech or leadership stump, depending how you view it, attracted support fro ......

2018 Aug 04 - Zimbabwe Election

20180804
Whenever you have a vote to decide something, the losers generally try to undermine and question the result, whether it be something like the EU Referendum result, or a more contentious issue like when work colleagues go for lunch and the one person who doesn't drink decides that they'd sooner admit to selling company property on eBay then have to split the bill evenly.

This takes us onto the topic of the recent election result in Zimbabwe which is being contested by the opposition, who in this ......

2018 Jul 29 - Fires

20180729
The news has been a bit quiet this week in the world of politics although former cricketer Imran Khan won an election and will be in charge of Pakistan if such a thing were in any way possible. But this is the age of celebrity of course where sportsmen become politicians, tv reality show host Donald Trump became the US President and the UK has a prime minister who frankly wouldn't look out of place on Countdown's Dictionary Corner, managing to somehow still misspell things and insist that her an ......

2018 Jul 21 - Trump and Putin

20180721
This week started off with a press conference between President Trump and Vladimir Putin in which Mr Trump fully exonerated the Russian president before saying that he in fact meant to say the opposite. Just like when Theresa May claimed that Brexit meant Brexit.

Since then, there's been talk about Vladimir Putin visiting the US, ideas thrown around about exchanging people for "questioning" and right now Sylvester Stallone is finishing up the 8th instalment in the Rocky franchise so maybe he'll ......

2018 Jul 14 - Will Theresa May Survive?

20180714
Lots of Theresa May news week. I don't think there's been this much activity at Westminster since that time Cyrill Smith discovered it was possible to clear his internet search history. Over last 7 days, MPs had had a bit of time to read the details of the Brexit paper that Theresa May put out last weekend and was about as popular as a rattlesnake in a lucky dip

David Davis resigned, as did Boris Johnson along with a number of lesser known ministers and it's currently a case of seeing whether e ......

2018 Jul 08 - Theresa's Latest Brexit Plan

20180708
If you wanted a great visual analogy for Theresa May's premiership then you could do worse than watch a news report on those kids stuck in a cave in Thailand. They're trapped, in the dark and at risk of not making it to the end of the month, and that's just the Prime Minister. Mind you, because those kids have been living under a rock for the last week so they haven't had watch the round-the-clock build-up leading to a football match. Very similar to those other football matches you get most Sat ......

2018 Jun 30 - New Supreme Court Justice

20180630
Wow, summer's here and it is hot out there, call me Sylvia Plath, because it feels like my head's in an oven. But with spring gone it's not just the weather losing it's cool, the internet is all up in arms because Donald Trump is going to be electing a new judge to the US Supreme Court.

Justice Anthony Kennedy is stepping down after several decades on the bench, although at 81 years old who can blame him. When I'm that age the only bench I'd want to be on would be in a nice park somewhere. I sa ......

2018 Jun 24 - Illegal migrants on the US Border

20180624
Still lots of football going on out there with more passes than Diane Abbott on Mastermind. But elsewhere, this week saw the US involved in what was either described as mass human rights abuses on the Mexican border, or the culmination of decades of mismanagement when it comes to immigration. President Trump was keen to stress that this was actually the continuation of an Obama-era policy which only made the situation more confusing really, what would possess the president to actually embrace on ......

2018 Jun 16 - World Cup and US-China Tariffs

20180616
The world cup has kicked off, or at least the ball has been kicked, the cup itself remains safely in the cabinet, much like David Davis in spite of his threats to the contrary. The football tournament though, that's being held in Russia over the next couple of weeks. If you're an England fan it's not long to wait until that moment when they fail to win and Gareth Southgate is forced to inevitably resign over his sole responsibility for England failing to be the best team in the entire world, no ......

2018 Jun 10 - G7 Summit

20180610
This weekend Canada hosted the G7 conference, a political get-together with a level of expectation and excitement akin to watching the numbers on a microwave ticking down before your substandard dinner. These meetings are supposedly meant to help the worlds biggest economies sort out ideas, which is no doubt why they don't invite China or India to the big economies get-together. To add insult to injury, Germany gets invited twice, once as itself and once as its puppet the EU.

President Trump wa ......

2018 Jun 03 - World News Roundup

20180603
This week I thought I'd do a quick roundup of some of the various news stories from around the world. Like a Chinese buffet of news, except of course with less cat meat.

In America President Trump decided to implement a series of import tariffs on steel and aluminium which may or may not be illegal although I imagine that if it does go to court then the devil will be in the detail and the lawyers will probably spent most of the time arguing about whether the metal is spelled aluminium or alumin ......
000webhost logo