Market Thinking

making sense of the narrative

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Tag: Brexit

Economics by anecdote

The famous investor Peter Lynch worked on the principle that he invested in ‘things he knew about’ and similarly it often pays to listen to the things around us rather than waiting for them to become ‘official’. WIth that in Read more…


Modest good news has an exaggerated impact.

As Mark Twain once said, “it’s not what you don’t know that kills you, it’s what you know for certain to be true that turns out not to be”. As such, the sharp response in markets to assorted mildly positive Read more…


Market Thinking, September 2019

The Fed temporally lost control of overnight rates, Ford Motor was cut to junk and the IPO money tree looks very sick. US interest rates are no longer about the economy, the Fed needs to tackle the US Shadow Banking Read more…


The UK approaching end game

The extra-ordinary activities in the UK House of Commons continue to drive the narrative about the UK – which as noted the other day has been dominated by an assertion that ‘No Deal’ will presage some mighty economic disaster. For Read more…