There’s a dismal liberal thought process going around that believes having a competent Neoliberal establishment is somehow a good thing.
So when the “Sunak” was appointed as the *sigh* grown up in the room they all thought everything would just tick over nicely.
A competent right-winger is still very dangerous if you’re not already doing very well. And further to that I would say you can’t really have competent Neoliberalism as it junks most of society for the asset holders. There’s nothing competent about it as it serves too few people (unless you’ve got an extensive portfolio.)
This is the reason Truss is doing the rounds again. She believes her ideology is correct and Sunak is going to dip his toes in.
Truss simply accelerated the things that all Tories want to do. But tax cuts are coming. (They don’t need to be funded so let’s shut up about that? )
But they do need to be directed at consumers.
I favour spending over tax cuts for sure. Tax cutting is only tinkering with money already spent.
Either way you’re getting right-wing free-fall economics.
There’s huge debate in the markets currently that things have swung bullish again or whether we’re just having a bullish relief in a bearish long term market. Cash is going back to the dollar again which usually means it’s time for risk-off. All this is a reaction to interest rates going up or down – and the next six months.
The Fed are not really giving clear signals currently. Everything follows the Fed. I’m guessing in six months the picture will be clearer.