The usually sound Ambrose Evans Pritchard regurgitates a press release from the Eurasia Group risk report in the Telegraph (Sydney Morning Herald paywall avoidable version here);
The answer to questions like this in headlines is almost always, “No, you’re just trying to get eyeballs“.
Oh, that’s worrying.
By that I mean, it’s worrying that the UN isn’t also in the list of global institutions past their sell-by dates that are in crisis. In the words of Saint Augustine, “Oh Lord! Make me pure, but not yet!“.
Bloody hell, we’re almost on the brink of another world war? There’s no way the government will allow that, just think what it would do to their plans for annual skiing holidays and the values of their Caribbean villas.
It all sounds very worrying though, whatever might be the cause?
Ah, it’s just another #OrangeManBad #LiterallyHitler article.
One of these political thinktank pieces isn’t compete without an economic prediction, of course;
Sure, the EU is going to have a few challenges ahead, especially if the UK is lucky enough to exit without a deal and gets to keep the £39bn ransom, but we’re heading for deflation, are we?
Given that the USA inflation figures for 2018 were 2.54% and projected to be ~2.44% this year, I wouldn’t go holding one’s breath for it to turn negative. Something like a meteor strike would have to happen in 2019 to turn that into deflation.
Oh goodeee, another article telling us the reason why we voted to leave the EU.
Personally, it was Magna Carta, 800+ years of Common Law, legislative sovereignty, the right to determine our own immigration laws and the fact that calling 73 MEPs for a population of 67m “democracy” seems like a sicker joke than anything Louis CK could come up with. But no, Eurasia Group, do tell us why we voted Brexit.
As for the problems between China and the USA, yes sure China is not running as hot as before (-16% sales of smartphones was an interesting recent data point), however, Xi looks to be trying to rapidly build bridges with Trump. It’s almost as if, I dunno, Trump’s strategy is working. Perish the thought.
So, after you’ve scared us half to death, what’s the chances of any of this happening?
We do like a good old fashioned muddle.
As you were, platoon. We’ll be just fine.