@ftweekend.com #FTWeekendFestival solving the climate crisis one EV at a time!

A very enjoyable event. For me perhaps missing the point that “capitalism” isn’t really a coherent ideology which is why it’s such a resilient system. For example, @TheConduit had just hosted its Young Innovators awards for capitalists/business people but all seeking to make a positive impact.

I see we have two great figures of contemporay political thinking at @theconduitlondon.bsky.social next week @georgemonbiot.bsky.social and @afuahirsch.bsky.social - likely to be a sell-out event from two people staunchly refusing to "sell out" (apologies to genuine humorists)..

WH Auden: “Out of the air a voice without a face Proved by statistics that some cause was justIn tones as dry and level as the place” describes rather well the onslaught agains less developed nations now suffering huge tariffs on exports.

The crude maths used to justify tariffs is a "fig leaf" deployed to lend some supposed economic weight to purely retaliatory tariffs- the chart maps out how they function. Simply penalising countries selling more than they buy from the US.

How the Trump administration calculates its trade tariffs… stocks tumble given uncertainty and overall impact on global growth.

Difficult to add to this cartoon from the @economist.com what can European leaders really do given how tariffs would impact an already weak Eurozone economy..

#SunTzu: “To subdue the enemy without fighting is the acme of skill.” Trump and Xi engage in light sparring over trade, suggesting a deal is likely within reach. Charts/data on China's broad-based expansion into global markets across a mix of sectors China’s 32% share of global production.

International diplomacy in the Trump era seems to be more about making threats and holding other States hostage.. In the short term he's likely to get what he wants. In this instance the peso rapidly devalues and the dollar appreciates strengthing Trumps bargaining position.

"Beware of geeks bearing formulas," Buffett said in his 2008 letter to investors. The problem with quant funds is that their stock-picking ... A hedge fund is a charging structure looking for a client 99% of the time.. Huge fees and modest returns.

Difficult times for this very interesting #Impactinvestment business @Impax- stock now trades on around 8* earnings and has a hefty dividend (NOT A RECOMMENDATION)

Busy week ahead with clients- discussing retirement income and structuring #retirement portfolios #investment- a very difficult area for people to plan for given that most people approach retirement with multiple pension schemes.