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Citi’s “What If?” Scenarios: Part 2

Yesterday we published the first set of 7 “What If” scenarios that didn’t make it into the Citi Credit team’s (already rather gloomy) year-ahead forecast. Because while Citi’s “base case” was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank’s credit team […]

Bank Of England Warns Of “Economic Collapse” If UK Keeps Borrowing Money

Authored by Mac Slavo via SHTFplan.com, The Bank of England is putting the United Kingdom on alert.  Should the UK keep borrowing money, as Corbyn's Labor Party has advocated, there will be a “Venezuela-style” economic collapse that will devastate normal citizens. A senior Bank official has warned that the UK’s economy would be unlikely to survive […]

“You’re Right, I’m A Threat To Big Banks” – UK Opposition Leader, Jeremy Corbyn, Lashes Out At Morgan Stanley

Earlier this week, Morgan Stanley published a report arguing that UK opposition leader, Jeremy Corbyn becoming Prime Minister, was a bigger threat to UK asset markets than Brexit. MS saw a two thirds chance of a snap UK election in the second half of 2018 when UK can’t secure a satisfactory Brexit deal and the […]

UK MP Jared O’Mara – Grovelling Apology For Sick Comments About Women, Gay Men, & Fat People

Jared O’Mara, who ousted former Deputy Prime Minister, Nick Clegg, to become MP for Sheffield Hallam in this year’s General Election issued a “grovelling apology” for sexist and lewd comments which were published on a well-known UK political blog, Guido Fawkes. O’Mara made the comments on a music forum, “Drowned in Sound” in 2004 when […]

Theresa May “Ambitious And Constructive” On Brexit Talks, Mocked By Corbyn In Parliament

In a statement to the UK Parliament today following last week’s EU summit, Prime Minister, Theresa May, stated that she was “ambitious and constructive” about the progress of Brexit negotiations. May talked up (again) progress made on safeguarding citizens’ rights so that EU nationals can remain in the UK and vice-versa. She also reiterated that […]