Bill Blain: When There Is Too Much Cash around the Market Can Remain Irrational for Longer…

One of the key factors driving stocks higher in the wake of a trade “accommodation” rather than a peace treaty is momentum – markets want to go higher, anticipating growth. But the market is equally driven by the volume of cash ready to be thrown at it.  There is no shortage of ready liquidity - in this sense of too much easy money chasing too few assets, rather than liquidity: “who wants to buy this” conundrum.

Walmart’s Domination of the U.S. Grocery Market

This degree of market concentration means that a retailer could cut certain products or manipulate prices without fear of losing customers. Worse yet, a company could close up shop and leave thousands of people without adequate grocery access.

Resist CSR Activism

The notion that to earn an abstract ‘social license to operate’, companies must promote the non-shareholder interests of wider groups of stakeholders in the community, is a way of legitimising the idea that companies should take stances on social and political issues unrelated to their business activities.

International Theft of British Blue Chip Companies

Firms under foreign ownership see their profits and dividends flow overseas, their investment decisions taken to serve foreign interests, their assets stripped and risky long-term investments shut down to boost short-run profits and dividends; domestic investment in plant and machinery, in research and development, in skills training [...] are liable to be severely curtailed; we're flogging off of assets vital to our strategic national interest [...]; but, Lynn reassures us, the wave of takeovers that is likely in the months ahead ‘will keep the stock market buoyant’.

Climate Fascists Are Closing Down our Theatres

‘Young people are telling us that BP sponsorship is putting a barrier between them and their wish to engage with the RSC,’ said a spokesperson. The pomposity of this might be funny if it weren’t that BP has subsidised their £5 ticket scheme for 16 to 25-year-olds for eight years, allowing 80,000 young people to see RSC performances at reduced rates.

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