Calendar creep One hundred months, and still it goes on. The starting gates were opened on the current bull run on 9 March, 2009 and, as yet, it shows few signs of running out of puff. After rising another 1.3% last week, the S&P 500 began
Warsaw act Last Thursday, Krasinski square in Poland reverberated with chants of “Donald Trump” and “USA” as the president delivered his first public speech on European soil – a significant moment for any US president. Trump used the occasion to praise Poland, criticise Russia and reaffirm
Taper talk Twenty years ago last Saturday, Prince Charles and Governor Chris Patten boarded the Royal Yacht Britannia and sailed out of Hong Kong, formally ceding the last major remnant of the British Empire to the world’s new rising power. Much has since changed. China has
Crowning moment “Uneasy lies the head that wears a crown,” says King Henry in Shakespeare’s Henry IV Part 2. Last week Elizabeth II appeared to take the warning literally, breaking with the habit of 43 years by not wearing her crown for the State Opening
Docking pay Politicians may have been doing a fine job of looking amateur in recent months, but investors tend to reserve their strongest criticism for central bankers. In recent years, much of the criticism has been trained on the scale and timespan of quantitative easing
Interesting times ‘May you live in interesting times’, goes the old curse. Its force is surely not lost on the prime minister just now. London’s leafy Kensington is the UK’s richest constituency and not normally a bellwether of the national mood, but last week it summed
Mayday? “If you want to make God laugh,” said Woody Allen, “tell him about your plans.” Theresa May appears to be learning the lesson the hard way. Just a few weeks ago, it all looked so simple. No Conservative prime minister in modern history has enjoyed such
Machine learning For more than 2,500 years, the Chinese game of Go has continued to attract new players, making it perhaps the oldest board game in the world with an unbroken history – it is also probably the most complex. Its longevity makes last week’s watershed all
Shifting allegiances “These are my principles,” Groucho Marx once said, “and if you don’t like them… well, I have others.” Last week, after four decades operating in Thatcher’s shadow, the Conservative Party published an election manifesto that very much appeared to preach other principles – or
Anxiety lull “All shall be well, and all shall be well, and all manner of thing shall be well,” wrote Julian of Norwich, the first woman to pen a book in the English language, around 1395. Markets last week appeared to agree, albeit for less spiritual
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