Don't Trust Financial "Experts" - UBS Way Off Beam!

UBS ran 10,000 computer simulations on the World Cup and determined Germany will win https://t.co/Y4KyHJDuBa pic.twitter.com/jDmaU4oiXf

— Bloomberg (@business) May 17, 2018

London Property Bubble Bursting

London house prices are dropping at a faster and faster pace, even as the broader British housing market is still clocking up growth. Here is a look at how it's trended over the past few years https://t.co/DKbTisncmH pic.twitter.com/lZ78JBRp3i

— fastFT (@fastFT) June 27, 2018

Heathrow Plans Will Unravel

BA boss Willie Walsh absolutely seething on Heathrow- says MPs have approved it without any idea of the cost. Says only a matter of time before costs escalate, a new management come in and rip up promises made. Bodes well !

— steve hawkes (@steve_hawkes) June 25, 2018

Value For Money

Swansea Bay. £1bn is not value for money. Say MPs who have chosen to spend £60bn on HS2. #bonkers

— Andrew Brooks (@taxbod) June 25, 2018

Heathrow To Get Green Light

British MPs are set to approve plans to build a third runway at London Heathrow today https://t.co/rdiAL37r0B

— AIRLIVE (@airlivenet) June 25, 2018

UK Economic Forecasts

HM Treasury consensus of latest UK Economic forecasts from City & Non-city Forecasters. Average UK GDP forecast for 2018 is 1.4% but the most optimistic is Liverpool Macro Research +1.9% & most pessimistic is Fathom Consulting at only +0.7%. https://t.co/eA1sScH0VB pic.twitter.com/Dvx4kT2RBY

— Noble Francis (@NobleFrancis) June 21, 2018

Whenever I see the words "forecast" and "consensus" in the same sentence I immediately reach for my sick bag!

Reality will prove both the forecast and the consensus lobbies wrong!

Trade War Hots Up

Following Trump's call for another $200BN in tariffs on China, China reacted thusly...

CHINA SAYS TO HIT BACK IF U.S. ROLLS OUT NEW TARIFF LIST

CHINA MOFCOM SAYS U.S. TARIFF DECISION AGAINST MARKET RULES

CHINA WILL TAKE STRONG COUNTERMEASURES IF U.S. ISSUES NEW LIST

CHINA COMMERCE MINISTRY SAYS IF U.S. PUBLISHES ADDITIONAL IMPORTS TARIFF LIST, CHINA WILL HAVE TO ADOPT COMPREHENSIVE MEASURES TO FIGHT BACK FIRMLY: RTRS

CHINA COMMERCE MINISTRY SAYS U.S. THREATS ON $200 BILLION TARIFFS LIST DISOBEYS NEGOTIATION AND CONSENSUS REACHED PREVIOUSLY BETWEEN TWO COUNTRIES: RTRS

Audi CEO Arrested

Audi chief executive Rupert Stadler was detained this morning, according to parent company Volkswagen.

A VW spokesman told Reuters:

“We confirm that Mr Stadler was arrested this morning. The hearing to determine whether he will be remanded is ongoing.”

The arrest comes a week after prosecutors raided Stadler’s apartment, as they widened the investigation into how Volkswagen used ‘cheat software’ in its cars to trick emissions tests.

Last month, Audi admitted that another 60,000 A6 and A7 models with diesel engines have emission software issues -- further deepening a scandal that began in 2015.

The ECB - A Very German Enterprise

this problem derives from the fact that the ECB is German dominated, and Germany/Bundesbank has a phobia about inflation.

— Ken Frost (@ken_frost) June 14, 2018

FIFA Corrupt!!?? - Surely Not??!!

As World Cup opens in Russia, how did football get so corrupt? With the help of a major accountancy firm. See Bean Counters for the full inside story... pic.twitter.com/uBbp2o5kXL

— richard brooks (@rbrooks45) June 14, 2018

The Bitcoin Scam Promoted on Twitter and Facebook

I and others have been warning @Twitter about this scam (often promoted on Twitter) this for months! https://t.co/5ULje4rv8g

— Ken Frost (@ken_frost) June 6, 2018

People who were suckered into this scam should sue Twitter and Facebook for any profits they made from promoting this scam!

RBS Falls on Government Sell Off

Markets dont like the UKGI RBS share sell-off. Shares down 3.3% this morning pic.twitter.com/oIK7uctWod

— Joe Lynam BBC (@BBC_Joe_Lynam) June 5, 2018

Chief Executive of Pensions Regulator Won't Renew Contract

BREAKING: Lesley Titcomb, chief executive of the Pensions Regulator since 2015, has today announced she will not reapply to renew her contract in February next year.

— Josephine Cumbo (@JosephineCumbo) May 31, 2018

Poundland Skewers Thameslink's Shite Service

.@TLRailUK You’re ‘off the rails’ #TLFail #Proudland pic.twitter.com/rago9G1zmh

— Poundland (@Poundland) May 30, 2018

Kudos to Poundland for reminding people that companies can be well run and meet customers' expectations!

Italy's Fucked!

Political chaos in the euro zone's third-biggest economy won't be going away anytime soon, according to International Monetary Fund former chief economist Olivier Blanchard, who on Tuesday issued an ominous assessment of the country.

Panic roiled markets Tuesday as a political fight in Italy prompted one of its worst market sell-offs in years. Underlying investor fear was the prospect of Italy leaving the euro and others following suit, which Blanchard, now an economics professor at the Massachusetts Institute of Technology, described as more of a psychological fear than a realistic threat.

The potential concern, rather, involves Italy's creditors, who would have to "move carefully," the economist told CNBC's Joumanna Bercetche in Paris. The rest of Europe may avoid a domino effect, but Italy looks to remain mired in a quagmire.

"I suspect in this case the EU will do whatever is needed to prevent contagion, so I'm not terribly worried about contagion," Blanchard said. "I'm very worried about Italy. Not worried about the rest of Europe. It will be tough, but the rest of Europe, the rest of (the) euro will be OK."

My sympathies to the good people of Italy, the EU will crush them. As per Günther Hermann Oettinger (European Commissioner for Budget and Human Resources):

"Markets will teach Italy to vote for the right thing".