Weekly note for Aug 28th: The Pointy heads got it wrong about the markets, lots on China plus the UKs (nuclear) infrastructure problem

This week is the last weekly note for the summer, and we are back to normal next week. No investment ideas this week but a bumper issue of macro observations and further reading for the weekend.

Macro Snippet 1: The Pointy Heads got it wrong…again

I’ll kick off this week’s macro-observations with the opening from a recent comment piece of mine for Citywire in the US:

Cynically, I would suggest that the big story of 2023 isn’t that the US economy has avoided recession or that the Fed has kept on increasing interest rates. No, the big story is how …