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...All the King’s Men by Robert Penn WarrenEverything you need to know about demagoguery America-style, via a thinly disguised portrait of Huey Long of Louisiana....
...robert.shrimsley@ft.com...
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...“People want to see a coming together of our country, not an exacerbation of tensions,” said former cabinet minister Sir Robert Buckland. “A noisy minority get a platform....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...Someone looking for a big Hollywood movie about clothes can, however, turn to Paul Thomas Anderson’s Phantom Thread, from 2017, which I also just watched for the first time....
...Robert ShrimsleyWell, I mean, it very much touches on the Lee Anderson point that you mentioned, but I’ve also been very struck in the last few days....
...Send me your thoughts: robert.armstrong@ft.com. Can spreads ever be too tight? To the extent that markets people are worried about an overheated market, their concerns are focused on US stocks....
...Lucy Fisher Let’s just step back, Robert. With everything that’s happened this week, Lee Anderson’s defection has prompted talk of up to 10 other Tories also making the leap....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...political establishment The price of not policing the Tories’ paranoid frontier Jeremy Hunt urged not to put ‘politics ahead of economics’ as he eyes Labour policies Conservative party suspends Lee Anderson...
...Any thoughts welcome: robert.armstrong@ft.com and ethan.wu@ft.com. Tesla and the unsettled EV market Yesterday we wrote about one of two faltering Magnificent 7 stocks, Apple....
...Robert ArmstrongYeah, right when Brexit happens. You have to ask an additional question. A, does Brexit have something to do with this? And B, does that make any sense? Ethan WuYeah. It’s irrational....
...Despite enjoying the symmetrical compositions and disconnected staccato conversations that characterise Anderson’s movies, Robert was quickly bored....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Email me: robert.armstrong@ft.com. Friday Interview: Torsten Slok Torsten Slok is one of Wall Street’s most closely followed economists....
...What kind of vessels were the Robert E Lee and the Natchez, which took part in a celebrated race on the Mississippi in 1870?...
...For example: “In my view, [public markets aren’t] differentiating enough between office Reits that hold B-tier assets and office Reits that hold A-tier assets.”...
...We like boxes B and C. Will the long end follow the short end down, and why? We can debate how much short rates will come down, but it seems pretty clear that they will fall....
...Spreads over Treasuries of triple-B (lowest rung of investment grade) and double-B and single-B (upper parts of high yield) bonds were higher earlier this year, before long term interest rates jumped, and...
...Send us your thoughts: robert.armstrong@ft.com and ethan.wu@ft.com....
...Analysts estimate Opec+ has about 6mn b/d of spare capacity it can unleash on to global markets to lower prices if they spike into the triple digits to prevent demand destruction....
...not for the reason that everybody else says it, which is that he was a brilliant investor who helped make Berkshire Hathaway the towering financial success that it is, but because he is A) hilarious and B)...
...But allies of leading rebel and former immigration minister Robert Jenrick said Sunak’s plans to fast-track appeals, first reported by the Times, did not go far enough....
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