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Fantastic work by Harry Scoffin and Free Leaseholders as per usual. The bar for freeholders to get their arguments to stick in court fortunately is high. But unfortunately, the bar for their overall success is low. They just need to keep the status quo, and unless Matthew Pennycook MP and

Our man Harry Scoffin and Free Leaseholders fighting tirelessly for the interests of leaseholders. Matthew Pennycook MP faces a simple choice. To press ahead or allow freehold interests to stall progress. He must find the courage to finish the job and fully activate LAFRA as well as

Some astute signings by Arsenal, but—in Alan Shearer's voice—"where are the goals going to come from?" -> bbc.co.uk/sport/football…

I feel the urge to repeat that this is a completely foreign discourse for millennials and anyone younger, who has long since understood that they will die with their work-boots on and little in the way of a usable state pension.

Forecast intervals for the ECB's path are widening. The high end in the July BBG survey has the Bank staying at 2.0% in Sep-25 and hiking in April-26, with the lower end seeing the depo-rate hit 1.5% in Dec-25, staying there in 26. Deep waters for STIR traders to swim in.

Assuming this is true, and I see no reason why it wouldn't be, it's a good reminder that buying BTC in t=0, so that you can sell them at t+1 for a gain in USD(!), wasn't the original (evangelical) use case for crypto, though it might of course turn out to be the best one.

Weaker dollar, lower oil, rallying bonds and stocks. I mean, does it get any better?

Autumn budget will be fun fun fun ... :/

Starting to eye a final leg of this TACO-tariff bull market in which a Fed puppet cooks the dollar via rate cuts, lures lower rates everywhere else ... and then inflation does what it does; it comes back, because the conditions for it to return to anywhere near pre-Covid

Oh I am sure this is going to go down a treat in that area (If true!). Bankers probably need to consider which watch they will be wearing to work

The fall in Latin/South American fertility rates is astonishing. These countries are blowing right past their DM peers on their way to a very low fertility equilibrium ... this is happening in one generation basically; Gen Z/young millennials is where the break is.

Trump is tying himself in knots over pharma and the EU/Irish tax arbitrage. He wants mainly US firms to make less money, by transferring some of their IE tax arbitrage to US consumers and/or come home, and pay their (higher) tax. The EU is a passenger here.

My timeline is clearly biased, but if even a fraction of this Britannia Hotel story is true, it is a good candidate for the proverbial "straw and camel's back" moment.

European automakers looking on with some trepidation here I think. Obviously, it would make sense for the US to align its auto tariffs across major markets (MFN anyone?), but, well ...

Now we talking.

Another great interview by Harry Scoffin and Free Leaseholders. The government is under a lot of pressure to deliver on this issue, and rightly so.