Compare and contrast the Real World with Dreams

“And you have burned so very, very brightly…”

Gold has taken a bit of a tumble – but is thecorrection a buying opportunity? While the UK feels increasing glum ahead of the few choices in the November Budget, Elon Musk is confident on his demandsfor a $1 trillion upside bonus. They are illustrations of the contrast between hype, speculation and downside manipulation.

 If you want a simple illustration of how far fear and speculationin global markets are diverging from reality, have a quick think about what Gold, the UK and Tesla are telling us. While UK Chancellor Rachel Reeves tries to stretch the few billion pounds left in the Whitehall piggy-bank to balance the books, Elon Musk is calling anyone questioning his $1 trillion pay demands an idiot! As the West looks increasingly distracted by hype and politics, smart money is watching Gold – is the current correction a buying-window before the outlook deteriorates further?

 I reckon it might be - common sense seldom exhibits thespeed of a contagious pandemic!

 And if we’re going to talk about the UK, the obvious placeto start is Buenos Aires. I’ve read a truly ridiculous series of articles in the Torygraph this morning – calling for the UK to follow the example of Javier Milei in Argentina: Mileihas given Britain a serious economic lesson.

 Austerity… really? If a minor celebrity was to lose theirleg in a car crash… would you saw your own leg off to follow fashion? While the Guardian speculates the real reason Argentina voted for Austerity was Trump’s threats to walk away and pull US support to punish voters, the Torygraph praises voters’ common sense and willingness to drink deep of the deadly economic nightshade of austerity.

You can find the whole article on the Morning Porridge on www.morningporridge.com