Father, Husband, Energetic. Ignited by creativity, wisdom and smart technology. Digital renaissance. AI and Singularity. Only interested in the truth not Dogma
Let me get this straight, Andy Burnham’s great achievement is £2 bus fares at a cost of £135m to the public and £200m a year ongoing.
LMAO, he is going to be a disaster.
"We are not a serious country anymore"
LMAO, we haven't been for decades. We have replaced serious people with career politicians and vibes based student politics.
These people wouldn't make senior management in a medium sized business and give them the keys for running a country.
Until someone bites the bullet, slashes spending, and does the difficult pro-growth reforms this country desperately needs, we will continue to have a ridiculous carousel of Prime Minsters.
The truth is the Prime Minister could have survived the Mandelson scandal if people felt better off in their pockets.
While there’s no growth, there’s no longevity of political tenure.
Blair survived plenty of scandal, and plenty of Mandelson, ultimately because everything in life’s wider context didn’t feel so desperately shit.
Until we have a political class brave enough to end the overspending, liberalise the labour market, and *actually* overhaul the planning system - we’re going to be stuck in this same psychodrama of doom.
Incentives matter.
Gary admitted on Pier’s Morgan that he made around £2m as a trader. This may seem like a lot of money, but it’s not retirement money on the lifestyle he will maintain.
Gary needs to sell books and awareness. He’s spotted a vulnerability with a particular group so he sells emotional based economics. It isn’t actually economics, it’s whinging and victim culture.
His answers come down to socialism, but socialism harms the people he claims to want to help.
Gary is wrong. Don’t be a Gary.
@seth_fin This is going to be a rally for the ages.... Just like this NDX melt up for the ages
Billions sold to raise cash to re-invest in the IPO... markets maximise pain and the pain trade is that TESLA now melts up ahead of that IPO... Plus its the grand daddy of physical AI
the companies you mention are so far behind the US competitor ... its makes your point absorb and flat out wrong
to compare BYD with Tesla is just daft
to compare Huawei with NVDA is worse than daft
China is simply unable to innovate in teh way US companies can precisely because of the free market and deep capital markets that america has.. there is no contest here
The Iranian regime executed a 19 year old for demanding democracy.
I stand with his memory and the thousands of other young Iranians.
Those who grieve the elimination of Iranian leaders over murdered protesters is telling.
Hormuz is a weapon that can only be fired once
No one should expect a quick resolution to the current crisis, but across the next decade, even the next 3-5 years, the choke point of Hormuz will be massively substituted for
The Gulf Arab states are all very rich, with high per capita GDP - the best single measure of relative state capacity - easy access to global markets, especially financial, and have the favorable backing of the US
Everyone has known about the Hormuz vulnerability for decades. The Iranians have continually hinted around closing it, but never did. Now they have, but Hormuz is a gun that cannot be reloaded.
Deterrents work only up to the point of use. Once used, they have failed. The purpose of a deterrent is to *not* be used
Many analysts have made this basic mistake. They think that Iran is now in a position of strength, having exercised its Hormuz option. But the opposite is true. A state is weakest after it has used its deterrent. The cost of that deterrence is now priced in. The worst having been done, the targets of the deterrent are now free to make other arrangements. Before, they were reluctant to do so because of the switching costs. Now, they have no choice; they will not allow themselves to be controlled in this way again
Hormuz may never reopen. But the importance of this is a depreciating asset.