Market Talk – May 30, 2023
ASIA: Consumer prices in China increased at their slowest pace in two years, indicating deflationary pressure and weakness in domestic demand. The consumer price index rose by only 0.1% in [...]
British Politics Melting Down
Seven members of the Labour shadow cabinet have resigned and one has been sacked. Resignations so far include the shadow health secretary, Scottish secretary, transport secretary, and education secretary. Jeremy Corbyn is so far out of touch that he and Hollande simply remain in a total state of denial.
Meanwhile, Scotland is showing its total ignorance of economics. They threaten to veto BREXIT, but quite frankly they should immediately swap to the euro and just separate from England. They may have stood tall against the Roman empire as they forced them to construct Hadrian’s Wall, but this time their hatred of England will lead to self-destruction.
The proper question to present to the people of Scotland who think the EU will somehow ensure their pensions, is do you want the euro or the pound? They will seal their own fate for the Scottish politicians revealed that they too have no expertise in this manner. It’s a shame. But the Scottish politicians are out to lunch on this one.
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