“Public Net Worth is a book with a mission: to get governments to overhaul their approach to public finance and accounting… ” Simon Nixon
publicnetworth.com

UK official defence estimates of Russian losses in Ukraine. 450k killed and wounded troops. 10k plus deserters. More than 10k armoured vehicles lost of which 3k plus are tanks. Staggering.

The Tories will never face up to what they have done. They will instead follow the Truss formula of blaming and undermining institutions and retreating ever further into ruinous economic nationalism, thereby deepening the disaster….

The same is clearly true of the Tories in London. Britain has suffered huge damage at the hands of populist nationalists over the last 15 years. Hopefully the scars will run deep enough that no one will be tempted to repeat their nonsense for years to come…

You could make a better case that British politics is remaking itself but that it’s the Tory party which is broken and that Frost has very much helped to break it

Shows such a spectacular misunderstanding of public opinion to imagine people want 'a re-ordering of society' rather than to be better off, have a nicer life, and have functioning services.

As BHP Biliton’s takeover bid for Anglo American threatens to rob the London Stock Exchange of another of its biggest companies, your reminder that the slow death of the stock market is largely a result of “the situation we’re in…”

Central bank independence under assault by right-wingers on both sides of the Atlantic. Troubling. Trussonomics is a virus not a joke.

The 22-mile trip for post-Brexit border controls > latest on “the situation we’re in”…

on.ft.com/3UBfY6o

Very true

Who really owns the Jewish Chronicle? Why the total secrecy? And how can Robbie Gibb reconcile being a BBC director with being nominal “owner” of the The Jewish Chronicle, which thinks the BBC hates Israel? My column prospectmagazine.co.uk/ideas/media/65…

European banks are making huge profits and paying out giant dividends in the middle of an interest rate shock while bad debts have barely budged. It's a clear sign that the banking system no longer takes enough credit risk to support the economy. My latest…

Very important analysis for policy makers who care about growth and prosperity to consider.

Biden's happy polling surprise: A trio of recent polls shows that RFK Jr.'s independent candidacy may be hurting Trump more than him. trib.al/Qmc3b44

An excellent article from Simon Nixon on some of the causes of and potential solutions to the Eurozone growth malaise. And it has more to do with Banks than AI... For full transparency, Absolute Strategy Research is delighted to have Simon Nixon as a consultant ahead of the UK election.

No Wonder Europe Isn’t Growing - European banks are making huge profits and paying out giant dividends in the middle of a severe interest rate shock in which bad debts have barely budged. It's a clear sign of a banking system that no longer takes enough credit risk to support…

💥Important detail amid all this chat about how the UK will fund its growing list of spending commitments...

Today the UK sold the 30-year benchmark gilt at the highest yield for a sale via syndication since records began in 2005.

ie. this is expensive debt to issue!

Bravo Paul Davies for a great thread calling out this nonsense rewriting of history by the paranoid right to shift blame for their own ineptitude. Too many financial illiterates in the media giving these daft conspiracies unwarranted currency.