Worldwide Financial Planning

There is only a finite time that supporters of any belief, (be it trump, Clinton, Sanders or a flat world), who have become believers, will suck it up. A compulsive liar needs a compulsive believer up to a point, and this will begin to unfold into markets. In the meantime, enjoy the false surge.

The latest review of its bailout has stalled, with the Greeks wanting more debt relief and less reforms, the IMF wanting more debt relief and more reforms and the Germans wanting less debt relief and more reforms.

This week the standout event was the Bank of England’s move to keep interest rates at 0.25%. Fairly unexciting in itself, the guidance that came with it was illuminating.

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Roosevelt said presidents are selected not elected. I find it difficult to counter that argument, and, just as the malleable and naïve Woodrow Wilson was plucked out of Princeton and molded into power to sign through the quasi-private governing body of the US monetary system – the federal reserve, we screen every action of Trump to look ahead where this is actually going.

Mrs May heads to the US with the honour of being the first foreign leader to meet with the new president, although one gets the impression she stood still while everyone else took a step back. With the prime minister desperate for US trade to make up the shortfall after we leave the EU, it would be more promising if she weren’t dealing with someone who literally wrote the book on screwing over negotiating partners.