Weekly

The week that ended 6/1/25

There seems to be a heightened level of tension globally. Plenty of regional conflicts, and heightened domestic issues mainly driven by economics and immigration. Immigration is causing problems, that you could only assume are intentional. Obviously for the Western world the incoming population collapse has one potential solution in immigration, but of course only if that immigration is productive! Therein lies the issue, would seem the UK immigration is on average a burden so worsening the population decline fiscal drag. The liberal chant of diversity is our strength, needs to be adapted to diversity is our strength but fiscal cost.

Speaking of the UK. It’s a mess. There has been determined efforts by the Labour government to spin recent activity, like some of the trade deals and the one-off GDP numbers (pre-empting tariff boost), but EVERYONE is miserable and feels poorer, so they don’t care. The BBC is being accused of promoting Reform (Farage), the BBC !!!! Farage is no solution but worth a try given the mess the uni-party of Labour/Tories have made of the place. There are ghettos in the UK of immigrants, everyone knows this, and city centres have been passed over to gangs. The UK needs a Bukele like figure, with mandate to sort this mess out, but the existing Liberal establishment will not accept this until it gets a LOT worse, which it will. Debt is not coming down. SELL.

The US is in a better position. It can afford the fiscal drag whilst it makes changes. Donald’s trade policy turmoil will be over by Labor Day, with probably a minimum 10% uniform tariff onboard. The triumph of closing the Southern border should be bigger news. We will probably have some negative trade and economic numbers soon, which will create some chop. All needs to be over before next year’s mid-terms. Debt is not coming down.

There is no way the global government debt problem gets sorted out anytime soon. Invest accordingly.

Curious