‘Kitchen Sinking?’ Me neither, I had to google it, as my first (old cinephile) thought was of one of those ‘Taste of Honey’-style dramas of the 1960s (kids etc.). Its origin is, apparently, ‘everything but the…’ and it is common business parlance for ‘Let’s just sweep up every piece of bad news we’ve got, put it all in one place, take all of the flak and deal with it at the same time’. That’s certainly what’s happening with the news flow, economic and Budget-related, from our now-not-so-new government. Whether it’s intentional or not is another question, and I always favour the c—k-up over the conspiracy theory. My guess is that things started going that way and they thought ‘we may as well’. What does that tell us about what might be coming on 30th October? We can only hope that the kitchen sinking is a prelude and not a part of the main symphony; or something like that.
“Stocks surge and yields stabilise as Trump tariffs paused”
“The reason our stock market is so successful is because of me. I’ve always been great with money, I’ve always been great with jobs, that’s what I do”, said the man himself about (of course) himself. And, yes, one tweet, if we’re still allowed to use that old Woke term, on Truth Social can indeed send markets firmly up as well as down.
