Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Saturday 4 February 2017
Sterling Receives A Severe Pounding
On a quiet day in US markets, John Authers looks at a sharp fall for the pound following a doveish report from Mark Carney of the Bank of England. Market expectations for UK inflation have been growing. Even as gilts have recovered ground lost after the Brexit referendum.
