I have been trying to think of something vaguely witty to say in this week’s musings, but it is beyond me to find any humour in the events that are taking place not just here in the UK but around the world. How is it possible for there to be so many civilised countries, with so many experts in dealing with pandemics, drug companies, think tanks and, god bless us, politicians who seem unable to form some sort of global brains trust to share information and come up with a way to defeat this pandemic. Even here in the UK, our country is being riven at the very time when we should be pulling together. It seems beyond satire that on this little island we have a situation where there is the strong possibility that the only way some of our most vulnerable children will be fed is because of the generosity of some cafes and the drive of a young footballer. I believe that the time has come for our so-called leaders of all political stripes to put aside political posturing and look after their constituents regardless of how they voted or are likely to vote. Perhaps they should take on board the Doctors starting point “first do no harm”.
In the USA it is by no means a certainty that the vice President will defeat the President, now perhaps that sentence is a bit funny and in fact gives me an idea for the quiz this week. How many living Americans are entitled to call themselves President or Vice President? No googling Josephine. This week’s prize is £50.00 to the children’s charity of your choice for the first two correct answers. You are banned this week Mrs C!
Apart from the Nikkei and the Hang Seng, it has not been the greatest week on the markets. Although market timing is hard to get right, don’t forget that if you are benefiting from pound cost averaging a little volatility is a good thing.
Hoping that no one has been upset by my opening paragraph, let’s go to the markets.