Recent news is that the DOW Jones has entered a bear market "anticipated fall in stock valuations" Widely benchmarked U.S index seems to be following suite with recent transpiration with British fiscal policy approach.
Long story short, in regards to the U.K - policy Uturn is an indicator to asset holders that leaders arent expecting business growth - thus tax increments are nonsensical, rather sensible approach is creating environment suitable for investment, which leads to asset holders taking various actions to prep for downward trajectory of current assets in addition to investors rethinking financial market position and where to pump fiduciary issue in light of current industrial conditions.
Investors and economists during said bear market periods (dependant on how intense industrial conditions waiver) tend to rethink longterm stance (Labour as a farfetched example seem to be proposing strides towards Great Britain becoming a renewable energy power house) where investors have to take accord by either letting go of current asset that may become redundant in addition to positioning towards stock that look likely for market adoption if such is the case.
From an African stand point, EACOPL project is essential as energy is number one on list of uncertainty sources in addition to agricultural produce and then some.
I for one I'm glad Ugandan president Kaguta Museveni has gone through with the project regardless derailing efforts from international stakeholders - as now more than ever, there is a situate of global repositioning amidst uncertainty with key industrial sectors.
source at discussion 1:
• https://5f79ebb966e9d.site123.me/blog/short-term-sacrifice-for-long-term-derivatives-the-pound-hits-all-time-low-against-the-dollar
• source at discussion 2&3:
https://edition.cnn.com/2022/09/23/uk/liz-truss-jake-tapper-interview-intl/index.html &
cc: @macmungyintellectual
