Markets are failing.

So says the Sage of Ely.

Summat bad’s happening out there in the real world. Markets are telling us that summat bad’s happening out there. This is failure?

Or a confirmation of the efficient markets hypothesis, that markets efficiently process information?

5 thoughts on “Eh?”

  1. Markets are where people buy and sell things.

    People are buying stocks from people who are selling the stocks at an agreed price. Not only is it not failing, how could it fail*?

    *Government intervention. Which is probably zactly what dumbass wants.

  2. Coronavirus

    Dominic Lawson: My [pet organic] bird flu and what this crisis has taught us about the food we eat

    as Warner also points out, in our modern world of ‘processed foods’ and industrialised food conglomerates, our food supply has never been safer.
    .
    ‘There is less contamination, and there are fewer cases of poisoning than at any time in our history. By pretty much any measure you can think of, the golden age is now — and yet we remain convinced that we are broken.’
    .
    Of course, we could all revert to the ancient practices of the ‘wet markets’ of Wuhan, living and working alongside the fowl killed for each customer as and when requested, in time-honoured bespoke fashion.
    .
    So culturally authentic, so fresh, so close to nature!
    .
    But, given the latest consequences, perhaps it is time to give credit where it is due to the Western world’s ‘unnatural’ mass food production processes, and ask China to emulate our unjustly maligned standards

    – Kevin McCarthy breaks down how $8.3B coronavirus funding will be spent
    House Minority Leader Rep. Kevin McCarthy breaks down how the White House is tackling the outbreak and how Congress is planning to deal with the threat of a slowing economy.
    https://www.youtube.com/watch?v=46OLgLzGI0g

    Except he doesn’t really explain. I’m sure the politicians will find a way to siphon it off into their coffers

    Then it goes OT:
    People who trade off their skin colour and do identity politics = the real racist
    Meanwhile, ‘Socialist’ Pelosi’s wealth has increased from a few hundred thousand when she was elected to over $120 million now

    – Journalist goes undercover at the wet markets where the Coronavirus started
    https://youtu.be/Y7nZ4mw4mXw?t=744

    Amazingly most MSM and Politicians still refuse to expose the “inconvenient truth” that non-white’s ‘culture’ is frequently deleterious to health and life

    Eating bats who live in poo filled caves? Do they eat seagulls & feral pigeons too? It’s like they’re ‘culture’ is stuck in C5

    – The Next Revolution With Steve Hilton 8 Mar 2020
    Trump: Pro Business, Pro Deregulation, Pro Blue Collar
    Obama: Pro the rich
    https://www.youtube.com/watch?v=wdV1k8_usfg

  3. MSM panics over Global Warming, floods, fires and Covid-19, EU fixated on stopping Brexit

    EU Fuhrer Ursula von der Leyen: UK needs to think about what trade-offs it wants to accept in trade talks with EU
    https://www.youtube.com/watch?v=b_G68zv_w8M

    .
    EU chiefs cannot pretend the UK has been anything but crystal clear about what it wants; Asa Bennett, 9 March 2020 • 1:03pm

    Boris Johnson may not just be the “most powerful politician” in Europe, but an increasingly veteran one too. Since he became Prime Minister 229 days ago, the people of Belgium, Finland, Austria, Russia, Croatia, Ukraine, Slovenia and Malta have all put in new leaders for him to deal with.
    .
    They have not been the only ones to indulge in political musical chairs, with Romania already going through one prime minister and on the verge of drafting in another during Mr Johnson’s time in Downing Street.
    .
    After waving goodbye to a demob-happy Jean-Claude Juncker, the Prime Minister has had to get to grips with his successor Ursula von der Leyen. After 100 days in place as the European Commission president, she decided to celebrate that by hosting a press conference today.
    .
    The EU’s ongoing post-Brexit talks with the UK were unavoidable, given Michel Barnier’s struggle to persuade British negotiators to sign up to greater regulatory commitments as part of his “level playing field” than what Canada has with Brussels for barely better terms of trade with EU markets.
    .
    The problem, according to President von der Leyen, was that the UK needed to “make up its mind” about what it wants, adding:
    .
    “The closer they want to have the access to the Single Market, the more of course they have to play by the rules that are the rules of the Single Market. If this is not the UK’s choice, they will be more distant and it will be more difficult for the UK to access the Single Market. So it’s up to the United Kingdom within these negotiations to think about the trade-offs they want to take into account.”
    .
    But the UK has already answered her question very simply: it wants to be as close to the EU’s Single Market as Canada. It made that clear in last year’s election manifesto and yet again in over 30 pages for its formal negotiating mandate.
    .
    Anyone who has listened to British ministers would know they want to leave the single market for good at the end of the Brexit transition period, and trade on as best terms as possible as sovereign equals. That means, as Mr Johnson and his colleagues have repeatedly made clear, that the future relationship cannot depend on on EU rules and its own courts to administer.
    .
    Surely, EU leaders are not too lazy to bother changing from how they behaved with Theresa May? Back then, President Juncker was able to incur her wrath by mocking her demands as “nebulous”, exploiting her torment trying to shape a clear Brexit policy that could survive contact with MPs. But if Brussels has learned anything over the last few months, it is that Boris is definitely not another Theresa.
    .
    Mr Johnson has already made clear that he is prepared to accept the necessary border bureaucracy in order to ensure the UK’s sovereignty is not impinged post-Brexit. EU chiefs may not like his demands, but they cannot pretend he has been anything less than crystal clear. If they sincerely want “clarity” on what Mr Johnson wants, they are being ignorant of reality. In truth, they only want clarity on one thing: whether the Prime Minister will cave in.

    No matter how many times Mr Barnier and his colleagues huff and puff about the UK’s demands, in their belief that its exceptional proximity to EU shores makes it impossible to have as loose obligations as Canada, Mr Johnson and his colleagues remain unbowed. As Michael Gove told MPs last week: “Geography is no reason to undermine democracy.”
    .
    Indeed, UK ministers talk openly about trading on WTO terms if no deal can be done under what they call an “Australia-style” relationship. Crucially, they have a solid enough Conservative majority to ensure this is not mere Mayite hot air.
    .
    The EU can complain that the British are being overly greedy with the sort of future relationship they want post-Brexit. After all, that is part of the natural give-and-take in a negotiation. But it is highly disingenuous for Brussels chiefs to accuse Mr Johnson of vagueness.
    .
    Meanwhile, President von der Leyen showed her thinking was out of date on more than just Brexit as she insisted that European citizens wanted “more Europe” and that EU leaders could only deliver that by agreeing to a post-Brexit Budget of well over 1 trillion euros. Such a splurge suggests the European elite are desperate to show that they will not let the lack of British billions force them to rein in their ambitions, even if that means upsetting the remaining member states by demanding more money from some and less handouts for others.
    .
    After 100 days as Commission chief, Ms von der Leyen has seen the Prime Minister fight to get his renegotiated Brexit deal through Parliament, win a clear mandate at an election allowing him to finish the job, and then formalise his much-repeated demands for a Canada-style future relationship.
    .
    As hard as Mr Johnson’s request might be for President von der Leyen to accept, she and her colleagues need to decide if they actually want a deal. If so, their rigid red lines will have to change. But that would require them to compromise on their purportedly unimpeachable rules. If that cannot be done, EU businesses will pay the price from disruption to trade with the continent’s second biggest economy. The EU elite, to borrow Ms von der Leyen’s words, need to think about the trade-offs they want to take into account.
    .
    The UK has certainly made up its mind about what it wants post-Brexit, but can the same be said about Brussels?
    .
    (c} https://www.telegraph.co.uk/politics/2020/03/09/eu-chiefs-cannot-pretend-uk-has-anything-crystal-clear-wants/

    WTO and zero tariffs works for me. Fish? We’ll catch and sell

  4. USA – @dennis, @gamecock?

    – ‘The Five’ reacts to Hillary Clinton’s attacks on both Sanders and Biden
    Controversy as Hillary Clinton returns to spotlight to promote new documentary
    https://www.youtube.com/watch?v=ZqxDP5sz690

    When women lose they get to blame sexism. There is absolutely no self awareness of their own shortcomings. This is why they will never be equal to men. Hellary may settle to run as Creepy’s VP, then after his suicide she can be president

    Hellary had one important job to do but Monica blew it for her

    – Gov. Sununu: Hillary Clinton’s angling to be the vice presidential nominee
    https://www.youtube.com/watch?v=g97ymtk31bA

    – AOC challenger Michelle Caruso-Cabrera: AOC is robbing her district of the American dream
    https://www.youtube.com/watch?v=Ps8Y0vcljO4

    AOC single handedly ruined the blonde joke genre

    – The loony left: plastic bag bans
    https://www.youtube.com/watch?v=tGNdPP7wTVI

    Greens started “use plastic bags” in the 80’s to save the trees; then it’s Greens ‘use the trees’ as fuel; now it’s Greens ‘don’t burn trees – pollution’. Left are not “loony” they are sinister

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