Friday, 2 December 2016

just before the meteor hit

EM590041 just before the meteor struck
My deliberately flared picture today was taken on the South Bank a couple of days ago. It could show the sunshine, but I can't help thinking it looks a bit like one of those meteor pictures in this case headed towards Parliament.

And kind of prescient, given that the stock market seems to be taking a bit of a tumble today, as more odd news creeps out.

Over in Trumpton, first we get the bankroller of Mad Max:Fury Road and Suicide Squad, Steven Mnuchin, to run the Treasury. Not enough? The President Elect has now appointed Mad Dog Mattis to be his Defense Secretary. There was much whooping' and a'hollerin' at the rally in Cincinnati where it was pre-announced.

Mattis is the one who made the quote: "Be polite, be professional, but have a plan to kill everybody you meet." His favoured call sign is "Chaos".

Then there's the oil price 'agreement' with Saudi Arabia, which was supposed to bring stability to pricing, but has instead caused investor speculation everywhere. Add in the American payroll announcement which sets the stage for a rate increase in a couple of weeks, so maybe Trump should inherit Mad Dog's callsign? Mattis can revert to Warrior Monk.

In Europe the Italians are getting ready for their referendum at the weekend, which, if Matteo Renzi resigns afterwards, could further destabilise the already frail state of play in that country.

And here in Britain the news is finally sliding out via Hammond and Davis about the expected payments to the EU to remain able to trade. Quelle surprise. The EU has got used to the money from UK and is now looking at ways to continue having it post-Brexit.

Perhaps the Italian referendum or Austrian election this weekend will push another country towards a form of EU-exit? It's certainly knocking the shares around.

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