In his characteristically unique style, this morning Mint's Bill Blain has set his sights, and commentary, on the recent elections in the UK and France, the former of which he summarizes as a "FUBAR moment of monumental proportions" while the latter is - well, who knows, but "at least Macron has a plan."
His latest "Blain's Morning Porridge" note below:
France or the UK - A Tale of Two Cities... but mainly who is going to clear up?
Authored by Yves Manou via The Gatestone Institute,
By Chris at www.CapitalistExploits.at
Economists measure economic variables. That's a problem.
They are but one piece of an incredibly complex puzzle:
Consider for a moment the impact of technology on every aspect of life.
Now, consider its impact on warfare. Warfare, of course, impacts economics. Something worth remembering.
British Prime Minister (for now) Theresa May is desperately cobbling together a deal today with a small Northem Irish political party that she needs to stay in power after a disastrous election that destroyed her authority days before Brexit talks are due to start.
So how did we get here? Hedge Fund CIO Eric Peters succinctly sums up the state of play...
Submitted by Rajan Dhall FXDaily.co.uk and Shant Movsesian of RANSquawk
FX Week Ahead: Focus returns to the US economy as politics have run riot once again. Theresa May clearly made a big mistake in calling the snap election, and the Pound has suffered accordingly, though gains had perhaps run their course. NZD still looks good, while CAD weathers Oil price drop as domestic data supports.