December 1st, 2008

Bad News, Good News

With a load of economic data out this morning the pound is off 1% against the euro, the Purchasing Managers Index is down sharply, mortgage lending is down 70% year on year, credit card borrowing is up, PWC have research out saying Briton’s are now personally £1.5 trillion in debt – yet Gordon wants them to spend, spend, spend more.

It is not all bad news though, Guido is short the FTSE….








Michael Gove said

“There can be few more powerful forces of conservatism opposed to the flexibility, freedom and choice of the post-bureaucratic age than the Whelanist tendency now in control of the Labour party.”



+ Crude (June)
As of 16 Mar 2010
-Gilts (Mar)
As of 26 Feb 2010
Flat – No Positions
As of 23 Feb 2010 +30.81%

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