You might not think so

On (b) it shouldn't really matter to stocks given the 2-year and 10-year yields (anything used as a discount rate) are both **down**.

I'd say the shares are in freefall, but that would be rude to parachutists

There's a strong case for higher taxes on land, but this sounds like yet another bodge job. Mixing 1995 and 2025 valuations for council tax especially dumb, and step change in rates when you hit magic "mansion" level makes no sense.

Note in London one in 11 homes worth more than £1m (Savills), and many of those at least think their home will soon be above £1.5m. Have you seen data for >£1.5m?

But South London has plenty currently for sale above £1.25m right out to a flat in Sydenham. Victorian terraces across Brixton, Clapham, Battersea are going to be close enough that residents worry. This isn't only a Mayfair thing.

Three bed in Herne Hill (v popular area with journos) can now be £1.6m: www.rightmove.co.uk/properties/1...

Or: welcome Chinese subsidies for European drivers and redeploy resources into something Europe is good at, since it turns out EVs isn't it, even before Chinese competition

I was amused by that line. I mean it is true, in the sense that Shiba Inu's fundamentals are that it uses the same pic of a dog as DogeCoin, which itself, well.

...plus everyone hates bureaucracy, even when all the form filling and lack of flexibility is ultimately in their interest

Much regulation protects some groups at the expense of others. Typically powerful groups: the employed at the expense of those seeking a job (eg min wage); big companies at the expense of startups; skilled professionals at the expense of less skilled (professional exam requirements)....

Plus minority investment means don't consolidate, so losses don't appear in the NVDA accounts while the revenue and profit does appear. If Anthropic stock dives maybe one day have to write down, but for now great way to turn balance sheet into P&L without any need for AI itself to be profitable

I still have my Boo.com "burn rate" matches

I think it only began to sink in after the Telco bubble also popped, so after Oct 2000. Suspect worldcom/enron failures would be a decent date to choose but ultimately it is a process...

'Too much bureaucracy,' Chancellor Rachel Reeves tells regulators - BBC News
www.bbc.co.uk/news/article...

Just wait until I make my own coat

We really need statistics on how many of those crossing to claim asylum have already been turned down in one or more European country