Is It Legal? (Talking Politics, 47 min listen)

(You can listen to the podcast by clicking here)

In this episode, Cambridge University Professors Helen Thompson and Kenneth Armstrong share their views on the Johnson government’s cases for prorogation. Both argued that the call for prorogation tested the effectiveness of ‘checks and balances’ within the British government as it demonstrated how the executive and the legislature may limit the power of each other. Thompson saw this series of attempts from the Johnson government as an effort to exit the EU in an orderly fashion, and suggests that the public was dubious about Johnson's promise of actually getting a deal. Both professors also recognized that despite constant arguments over a new general election, there was a lack of consensus among the opposing forces in parliament. As such the current government is unable to achieve its political agenda, but an effective replacement of the current government is not a viable option in the short run either. With everyone trying to tie each other’s hands, neither professor is hopeful that anything constructive will be done.

Why does this matter? A dramatic week in UK politics has skewed near-term risks for the pound to the upside with evidence that we might avoid a no-deal Brexit on 31 October. A possible three-month delay is offering further relief to sterling across the board. However, another defeat for Johnson this morning is adding more question marks.

Dr. Anas Alhajji: Oil Market Update (Macro Voices, 27 min listen)

September 17, 2019

Louis-Vincent Gave: Last Week’s Dislocation Between Value and Growth (Macro Voices, 18 min listen)

September 17, 2019

The “Liquification” of Private Markets is Underway (Bloomberg Markets P&L, 28 min listen)

September 17, 2019

Narrative Economics (LSE Public Lectures and Events, 78 min listen)

September 17, 2019

The Debt that Never Dies (The Indicator From Planet Money, 9 min listen)

September 17, 2019

Juliette Declercq: What to Expect From the ECB on Thursday (Macro Voices, 16 min listen)

September 10, 2019

Huw van Steenis On What Central Banks Will Do Next (Odd Lots, 32 min listen)

September 10, 2019

Trade Talks Episode 99: The Surprising Story of the US Trade Deficit with South Korea (Peterson Perspectives, 15 min listen)

September 10, 2019

Gold’s Rise has Just Begun (Macro Voices, 87 min listen)

September 10, 2019

Riksbank Set To Support a Weaker SEK, Steeper Curves (Macro Strategy Views, 21 min listen)

September 3, 2019

Brexit Update: Constitutional Warfare (Podzept – with Deutsche Bank Research, 13 min listen)

September 3, 2019

Danielle DiMartino-Booth and Peter Boockvar on the Future of Monetary Policy (Macro Voices, 62 min listen)

September 3, 2019

100-Year Bonds Could Alter How Rate Risk Is Traded (P&L With Paul Sweeney and Lisa Abramowicz, 32 min listen)

September 3, 2019

What’s Next for Blockchain? (Techtrends, 20 min listen)

September 3, 2019

Top of Mind: Dissecting the Market Disconnect (Exchanges at Goldman Sachs, 22 min listen)

August 27, 2019

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)

Sign up to the Macro Hive newsletter here:

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up For Our Free Newsletters