Monday, October 31, 2022

$20 For a Blue Tick


 

Rumours abound that Twitter may well start charging $20 a month of the precious blue tick, so beloved by those who think they are celebrities.

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Friday, October 28, 2022

Musk Bags Twitter


 

Elon Musk now owns Twitter, overnight closing a $44 billion deal that could have huge implications for the future of the social media app, especially if former U.S. President Donald Trump is allowed back on the platform.

Musk started as he meant to go on, by firing various executives including CEO Parag Agrawal and legal chief Vijaya Gadde (the official who guided the company’s policies on harmful speech, and whose team banned Trump after the January 6 Capitol riot).

Meanwhile, in a parallel universe, Mtea shares crashed 11% on the back of lousy results.


 

 

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Wednesday, October 26, 2022

Budget Delayed Until 17 November

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Tuesday, October 25, 2022

Don't Use Strategic Reserves To Manipulate The Market

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Wednesday, October 19, 2022

Austerity


 

Austerity was, is and always will be BOLLOCKS (especially when a country is entering a recession)!

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Tuesday, October 18, 2022

Interest Rates Won't Exceed 5%

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Monday, October 17, 2022

Hunt Nixes Kwarteng's Budget

 


Hunt has announced a.o. the following:

-No longer cut dividend tax 

-Abandon IR35 changes 

-Won't cut basic rate of income tax, it remains at 20% indefinitely

-The UK will shorten universal energy supply until April 2023 

-Scraps planned freeze on alcohol duty etc etc

The measures will raise £32 billion. 

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Friday, October 14, 2022

FFS!

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The Global Financial Crisis


 

 

Contrary to what the UK media would have you believe, there is a global financial crisis. 

Brought about by a.o. 

-War in Ukraine 

-Energy crisis 

-Food crisis 

-Inflation

-Covid lockdowns 

-Quantitive easing 

-Ddodgy financial products 

You can only kick the can so far down the road!

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Wednesday, October 12, 2022

A Tale of Two Banks

Bailey's team have in effect chopped the legs from underneath him!

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Monday, October 10, 2022

Kwarteng's Halloween Event


 

Kwasi Kwarteng has brought forward the OBR forecast to 31st Oct.

Theoretically this might give the MPC room for some manoeuvre on their interest rate decisions in the following week. 

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Tuesday, October 04, 2022

Guardian Lying Through its Teeth - Again!


 

Actual spend by the Bank is currently less than £4BN.

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Monday, October 03, 2022

Kim Kardashian Charged With Unlawfully Touting Crypto

SEC charges Kim Kardashian for unlawfully touting crypto security.

The case serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities,

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Credit Suisse and Deutsche Bank on The Brink


 

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