Happy Vassals

Markets don’t move on headlines. They move on confidence, capital flows, and trust. As global alliances shift and large investors quietly rethink where their money feels safest, UK investors may be more exposed than they realise — particularly through currency risk and global portfolio concentration.

Tesla stopped being a car company before it really sold cars

Tesla didn’t abandon cars. It outgrew them — and that has consequences. Web excerpt: Tesla’s decision to end production of the Model S and X isn’t about weak sales or short-term margins. It’s a signal that cars were never the destination. As Tesla pivots toward robotics and AI, the company’s true identity is coming into focus — and it has implications for owners, investors, and the future of the auto industry.

We are the weakest link, goodbye Japan

Financial crises rarely cause a panic where they begin. Instead, someone else entirely goes belly up. Usually they’re in another hemisphere altogether.