As if on cue, some actual investment good news. Our Stockmarket has sort-of soared (already leading one client to tell me he’s worried it’s too high, no pleasing some people). Apparently, it was football fever that saved the UK from recession. We all went to the pub and bought other stuff, including tech to watch it all on; or went out to avoid the wall-to-wall coverage. China is opening up for business, although they all have Covid, and things are looking further up (themselves, some might say) across the proverbial Atlantic Pond. Fund manager comments: ‘ It might be too early to feel confident, but perhaps pessimism can end. The fear that the world was close some sort of economic precipice seems to have dwindled significantly’. That feels suspiciously like someone else’s glass half-filling. So all good; as long as you don’t need an ambulance.
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
