Dunno, but it says a lot about UK dysfunction that the PM is doing a press conference about the opening of a theme park. (View Post)

UK gilts are a mystery to me. The market is pricing the UK as riskier than pretty much any other G7 country, but why? It has one of the lower debt levels, even at the 100% rate. (View Post)

The number 3 story in the NYT asks whether Trump is having his “Liz Truss moment”. (View Post)

Tripe-washing is the technical term for tariff-splaining. (View Post)

Bezos et al are not stupid or necessarily psychologically unstable. The problem is that they are unelected and have too much power. Nobody has voted for them or their products to have such influence … (View Post)