Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Tuesday, December 11, 2018

Going Swimmingly

Brexit is going well.  Yesterday, a Labour MP grabbed the ceremonial mace that represents Royal authority and tried to leave the Commons.  This would have effectively shut down the House of Commons until it was returned.  It's....bonkers, but there you have it.

This is the best metaphor for what is going on in Britain right now.

Basically, everyone know Brexit is a slowly unfolding disaster, but no one in power has the courage to do anything about it.

Given Trump's trade wars, rising interest rates, stagnant wages and the overall business cycle, I think we are on the verge of another recession.  A Hard Brexit could be the match that lights the bonfire.

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