Nickolai Hubble

How the Bank of England will lose control of the bond market

Are you panicking about the Strait of Hormuz and the tech bubble? Then focus on the only thing that matters: central bankers have room to cut rates.

Why legacy parties’ attempts to stop the populists keep backfiring

I’ve been predicting the rise of right-wing populism for almost a decade now. But why are the legacy parties doing such an awful job of stopping them?

Transitory inflation is back… with another crash?

2022 was the worst year ever for investors. Central banks crashed stock and bond markets to rein in inflation. Now, inflation is back. What will central bankers do this time?

Oil will resurface from the Strait of Hormuz with the bends

Another day, another whipsaw in energy markets. But what if the real crisis comes after the Strait of Hormuz is reopened? Oil could yet surge higher…

The Cobra Effect will kill the identity politics of oppression and grievance

Debating politics can feel like you’re speaking different languages. Perhaps that’s because you are! And a new language is coming for the next era…

Labour’s next tax raid is just what this country needs

The race to become prime minister has kicked off yet again. Contenders are trying to outdo each other with ever higher tax rates. And that’s the good news…

Why the defence stock boom can’t last much longer

Seven years ago, we predicted a boom in defence stocks. But the surge has turned into a bubble. And the bond market’s 5% yield is the pin that’ll pop it.

Dianne Abbott is right: MPs might as well go home

The UK is edging back towards a fiscal crisis, and much of the political class seems convinced it can’t happen again.

Only a financial crisis can save us now

We all know the UK is on course to strike a fiscal iceberg. Is it time for investors to brace for impact? Or can we still turn this ship around?

If tax hikes didn’t work, what’ll the government do next?

Labour’s tax increases didn’t increase tax revenue. So we still need the money to fill in the fiscal black hole. What options are still on the table?

Japan’s defence stocks get back their license to kill

Seven years ago, we called Japan’s rearmament and named 10 stocks to watch. This week, something changed. Japan just fired the starting gun.

A devalued economy of a devalued country

It’s the neighbourhood barbecue next week. I’ll have to try and explain what a financial newsletter is… again. But how would the UK fare? Even worse.

What does China know that we don’t?

China’s oil hoarding may be a signal for a longer game than the West expects.

A world full of Trumps would trigger political stalemates and a mining boom

Since his rise to power, President Donald Trump has wreaked havoc on the stock market. In both directions, to be fair. What if the chaos spreads to other countries?

How my mum thrashed my investment track record

My mum passed away on Thursday. She leaves behind all sorts of legacies. One of which is a truly exceptional investment track record. How did she do it?

The secret to a lasting marriage and profitable portfolio is the same

Always invert. Instead of trying to figure out what to seek, think about what to avoid. Success follows when you avoid the pitfalls.

Deflation is your enemy now

In today’s issue: How can you have a financial crisis when the central bank will print money? What central bankers will get wrong this time…

Debasement of the golden rule leads to geopolitical chaos

Western philosophy has changed radically. “Do unto others as you would have them do unto you,” became “do unto others before they can do unto you.”

Too many monsters to destroy

Trump promised to bring back John Quincy Adams’ foreign policy: go “not abroad in search of monsters to destroy.” Now the monsters are destroying him at home.

Why the Yogi Berra portfolio works so well

Yogi Berra’s best yogi-ism applied to investing: “It’s not what the markets don’t know that makes you money. It’s what they know that just ain’t so.”