Let me be the first to call the bottom of this. Hand on heart, I have spent days poring over the data, have sounded out the finest minds in the industry and tested my theories on slightly perplexed monkeys (oh when will these animal experiments end??)... But I really (really) do think we have pulled back from the brink of disaster. Will there be a few more shocks? Of course. But with Brand gone and Woss suspended I think the economy is back on track.
Why else would Gordon Brown wade into the debate if a puerile joke at an actor's expense wasn't at the top of his agenda?
How do you think that PM To Do list runs?
3. Terrorist attacks.
2. Systemic meltdown of global economy.
1. Whatever the Daily Mail is chewing the carpet over.
I wish political parties had shares so I could short them.
The Big Issue
I will go to bed late and get up early to see the US election results come in. If Obama wins I will make a nice cup of tea in celebration. If he loses (that is, gets the election stolen from him) I will picket the White House (naturally working around my day job, so I may limit it to a few crank emails, but that's between us).
I had lost all faith in McCain's judgement when he chose Sarah Palin. Until this weekend and that prank phone call.
An exert...
Prankster: Madame Palin, you are so outrageously thick we could build a log cabin out of you.
Palin: Gee, thanks, gosh, y'all should get the vote.BANG!
Palin: Sorry about that... Thought I saw a moose on the lawn... Just my ex-brother-in-law...
I paraphrase. Only slightly.
But my market perspective?
For years of steady and sustained growth, arriving at an eventual budget surplus, vote for Obama.
For volatility vote for McCain.
For volatility that makes HBOS shares look like winning lottery tickets vote for McCain and hope he has a heart attack. Step forward Sarah...
Oh, The British Economy
With leaders like these, how can we fail?
In truth, breaking news from ChoiceOdds: the Brown government has decided to sell 30% of the UK to the Abu Dhabi government. Yes, we'll have to sell our kids to pay the interest of 14% - but at least we get to keep our independence.
The FTSE had its lowest close in more than five years at 3852.60 last Monday
Wall Street was up last week by 961.01 points last week
The Dax was also up last week by 844.52 points
The cruise liner, Queen Elizabeth II, moves only six inches for each gallon of diesel that it burns
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