Well, BoE deputy saying that the stock market is over priced is a warning although I think this should be obvious to most people born this century.
https://www.bbc.co.uk/news/articles/c75kp1y43lgo
I sold a lot of stocks in Q4/25 since I was expecting the market to adjust, but based on the AI bubble, not furtherance of the US Empire. So that still leaves AI, private credit and energy as the main known risks remaining. If government tries to bail out private credit we should have a national strike - we can't accept more public debt and cuts to bail out private risk takers.
A vote for Reform is a bit like the protest votes for Brexit. Careful what you wish for!
But if Reform could deliver benefit and immigration cuts it would make them popular with the old Tory voters and would seriously annoy the devolved administrations.
I'm not even certain that the FIAT currency system could be unwound to return to a gold standard - is there even enough gold in the world to allow this?
https://www.bbc.co.uk/news/articles/c75kp1y43lgo
I sold a lot of stocks in Q4/25 since I was expecting the market to adjust, but based on the AI bubble, not furtherance of the US Empire. So that still leaves AI, private credit and energy as the main known risks remaining. If government tries to bail out private credit we should have a national strike - we can't accept more public debt and cuts to bail out private risk takers.
A vote for Reform is a bit like the protest votes for Brexit. Careful what you wish for!
But if Reform could deliver benefit and immigration cuts it would make them popular with the old Tory voters and would seriously annoy the devolved administrations.
I'm not even certain that the FIAT currency system could be unwound to return to a gold standard - is there even enough gold in the world to allow this?


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