RE: Today30 Dec 2019 11:32
Hi T, Wish I'd sold at 1293 and bought back!...Sell off today from good rise... always seems obvious with hindsight. See how the day goes.
I did see ASC move...but don't you need a lot to make any money?
A lot of uncertainty this year...an entire year of Trump to get through before an election, which I suppose he will win but maybe businesses over there happy with that?
In between that, there will be more on/off farce with China Trade.
£1 looks a way off for Tullow, what news do you need? It's possible, if the problems were over played? I don't know the story.
I do try and be positive about the future,..BUT, this article by former FT journalist says a lot about where we are heading in UK...(where is the good news?)
"The stage is therefore set for a year’s fooling around, followed by a no-deal crash-out. This at a time when Johnson is promising a golden future for the former Labour supporters in the north of England and Midlands who have supposedly lent him their votes.
So what kind of economy and outlook does Johnson inherit? As regular readers know, I did not get where I am today by making economic forecasts – the old economists’ joke is that it is difficult enough to forecast the past – but I take note of all the forecasts being made by reputable economic institutions, and they are almost all terrible. The loss of tax revenue likely to accompany the mere approach to Brexit, let alone the expected crash-out, makes Johnson’s electoral promises for the north look, well, ridiculous.
Consider: in the days when I was covering economic crises such as the notorious three-day week, the average annual growth of productivity in this country was 2-2.5%. The average growth of productivity in the 10 years since the financial crisis of 2007-09 has been 0.3%.
Now, I am going to break my rule and make a forecast. It is a forecast of what should happen, but won’t. When Johnson returns from the West Indies and moves on from victory celebrations to the hard study of what his officials tell him, he should realise that his campaign promises are totally incompatible with the appalling economic outlook threatened by the word he does not want his officials to use (Brexit)
He is no Churchill, although he thinks he is, but he could do worse than study that phenomenal book by Tim Bouverie, Appeasing Hitler. Hitler was the biggest threat facing Europe, and Churchill knew it. While not wishing to compare the threat of Brexit to the threat of Hitler, I think the point is that Hitler’s intentions were always clear for those with eyes to see and ears to hear, and so are the prospects for leaving the single market and pretending we can go back to the 19th century.
What Johnson should do, now that he has achieved his childhood ambition to become prime minister, is grow up, become a statesman and be big enough to say he has made a mistake. He won’t, of course. An easy forecast.
Happy new year!"
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