Saturday, December 13, 2008

Totty Watch : Mink Minx

Anne Coulter, Michelle Malkin, Kellyanne Conway and a few more U.S. women conservatives have done a calendar “Pretty in Mink” to raise funds for the Clare Boothe Luce Institute. The left have flipped in outrage, as was obviously intended.

The institute offers political leadership training to right-leaning women and discourages promiscuity. Guido therefore won’t be buying the calendar.

Hat-tip : ABC News photo story here.

So Much for the Santa Claus Rally

Those of you who have been following Guido’s trading on the right will have seen it jump substantially last week. Guido was short Dow and FTSE futures which collapsed after the auto-bailout deal in Washington failed midweek, closed all the positions before the yanks could cobble together some compromise. Booked profits for the trading for the last three months are 97% – Mrs Fawkes hinted that perhaps going back to full-time trading might be more lucrative than blogging. Perhaps, however this was performance off a small amount of capital, the Value-at-Risk was sometimes leveraged 20 times, it was pure risk money and Guido got lucky.

Basically the trades were shorting the pound versus the euro, selling rallies in the Dow and FTSE, quickly covering after significant drops. Somehow Guido managed to lose money twice trading from the long side on Gold futures just before retracements rather than just buying and holding. Sir Michael White sneered at Guido for recommending buying gold as we shift towards Mugabonomics and the Bank of England sets the printing presses rolling. Gold is the safest refuge and the cost of carry with interest rates tending towards zero is ever more favourable to passive holders of the metal.

Sterling investors who bought gold at the beginning of the year have seen it rise 28% from £424 to £544 an ounce. If in 2009 we see “quantitative easing” (printing money), holding gold will be insurance as much as an investment. If you have apocalyptic fears, holding physical gold coins is reassuring.

Won’t be keeping a diary of trades on the blog next year, because this is a politics blog and some (not all) readers find it boring and/or self indulgent. Not bothered about being self indulgent (it is a personal blog) but being boring won’t do.

Friday, December 12, 2008

+++ UK Statistics Head : Government Knife Crime Figures Distorted +++

Friday Caption Competition

For You Herr Brown, the Boom is Over

Steffen Kampeter, is the budget spokesman for Merkel’s CDU, last night he backed Peer Steinbrück (the SPD finance minister), saying he was “exactly expressing” the views of the government. Yesterday Balls and Brown were spinning bullshit saying that this was internal German coalition politics – in fact it is the shared view of both the CDU and the SPD.

Kampeter put the boot into Crash Gordon: “Peer Steinbrück’s comments have nothing whatsoever to do with internal German politics as Prime Minister Brown has suggested. In questioning the British Government’s approach, Peer Steinbrück is exactly expressing the views of the German Grand Coalition. After years of lecturing us on how we need to share in the gains of uncontrolled financial markets, the Labour politicians can’t now expect us to share in it’s losses. The tremendous amount of debt being offered by Britain shows a complete failure of Labour policy.”

Thursday, December 11, 2008

Did Dale Bribe Labour MP Ann Moffat?

The cover of the Total Politics January edition depicts Harriet Harman as Wonder Woman. Which is ridiculous, because as any fool knows, Crash Flash Gordon’s partner was Dale Arden.

Trying to make a joke of the Prime Mentalists Freudian slip Harman has just told the house that she would “rather have Superman as our leader than their leader who is The Joker”. Immediately after that quip Ann Moffat chipped in “Wonder Woman does it again…”

So either Dale is paying for promotional product placement or the whole Labour Party is gripped with a delusion of superpowers.

Dead Tree Press Now Actually Dying

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Totty Watch : TottyCheeky Girls II

Lembit seems to be finding it difficult to let go of the past. He has been appointed as The Sport’s only political columnist. The publicity shots are in a sad way poignant, two young slim, sexy dark haired girls in his arms. Oh the memories…
Lembit is the living embodiment of the Guidoisation of politics. He has had a tragically tough year. Clearly to find happiness he needs the love of a good woman, or women even.

Disembowelling of the Telegraph Continues

Guido hears that Dan Hannan has been dropped as a leader writer and will now only “be doing occasional articles”.

Even media pundit Roy Greenslade, no friend of reactionaries, is bemused at the spiritual disembowelling of the Telegraph. Craig Brown, AN Wilson and Iain Dale have all just got the chop in what the paper’s insiders are claiming is all about economics rather than editorial tone. The “business model” is changing one source tells Guido. If you lose the paper’s character and spirit, you will lose readers.

Balls : Germans Don’t Really Mean It

All the usual mantras: “doing the right thing”, “Gordon is the Messiah”. Who believes this rubbish?

Even Nick Robinson isn’t buying it “There is, dare I suggest, another perfectly plausible theory. Mr Steinbruck believes what he says and does agree rather more with Mr Cameron than with Mr Brown, even though they come from the opposite ends of the political spectrum.”


Seen Elsewhere

Does Europe Really Want Britain to Quit? | Nick Wood
Immigration Nation | Hopi Sen
Tories Choose Anti-Israel Candidate in Rochester | JC
Osborne’s Daycare Obsession is a Time Bomb | Kathy Gyngell
BBC Marr Pinko Trying to Ban the Queen | Speccie
Eric Hobsbawm: Companion of Dishonour | Standpoint
Guido Party Gossip | Iain Dale
Russell Brand Comes Out as 9/11 Truther | Guardian
Health Revolution is Underway | Fraser Nelson
UKIP Gets Professional | Red Box
Kelly Tolhurst Wins Rochester Open Primary | BBC


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Austrian Chancellor Werner Faymann on Cameron’s refusal to pay the £1.7 billion EU bill by December 1st:

“Well, then he’s gonna pay on December 2nd”



Mycroft says:

Have you read the last bit of Animal Farm?

You know where the animals are looking through the Farmhouse window?

My TV screen was that window at lunch-time today.

Be careful, the sudden self-congratulatory tone, the slightly pudgy outline of indulgence and you become exactly what you should despise.

The jolly face of the Quisling Cameron poses for your camera has mesmerised and deceived you, you who were once not so deceived.

You were no firebrand, you were a damp squib in my opinion, sorry.

You need a damned good kick up the ahse!


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