Thursday 24 December 2020

Optimism from the bottom of the sherry glass

I should really save this for next week, but I can't resist being a little Happy on a Christmas Eve.

In the space of December we havd or will have had;

1) Pfizer vaccine approval
2) Moderna vaccine approval
3) AstaZeneca on the cusp (28th Dec allegedly, but we will see I think there maybe a delay)
4) A Free Trade Deal with the EU/UK

What a month, after surely the worst year in living memory (was any particular year in the 1970's really worse? certainly not the 1960's or since then) it is a big bang to end on. 

Yes, the vaccine will take 4-5 months to roll out and against an ever-evolving virus this will be a race that will have twists and turns yet. But the worst is here now and improvements will permanent rather than the tides we have seen this year. 

The brexit deal is even better. The benefits of Brexit, such as no more payments to French fisherman and Greek mafia masquerading as farmers, we have banked and also the decline in immigration to more sustainable levels. With trade deals to be done we are away from the worst of Brussels with only limited downside in the long-term. Better yet, our politicians are newly accountable, much that they will come to regret that in time!

Predicting the FTSE from here for next year will be a challenge, but that is for next week. 

Merry Xmas one and all!


Anotherboyinbrum said...

Merry Christmas, thanks for providing a fantastic blog with entertaining commentators. Looking forward to more of the same in 2021!

Thud said...
This comment has been removed by the author.
Thud said...

Yes, considering the terrible year I'm happier than I would have thought possible this past summer. So onwards and upwards for 2021! Merry Christmas to all the regulars here who have made life a bit more enjoyable with their comments, enjoy the season.

Anonymous said...

Brexit? Plus ça change, plus c'est la même chose.

Joyeux Noël et Bonne Année

jim said...

Let us hope that when we unwrap our pressy it does not disappoint or break by lunchtime. Far too often pressies have to be bodged up with glue and chucked in the bin by New Year's day. We live in hope, this may be our only pressy.

Me, I am hoping for some decent socks and a bottle of single malt. Merry Christmas to OGH and all here.

Don Cox said...

Best wishes for Christmas to everyone.

I'm booked for a Covid jab next Wednesday.

Don Cox

Timbo614 said...

Merry Christmas and a better 2021 to all authors and commenters. From my point of view 2019 and 2020 can sod off to the history books.

The deal - well done to Boris & team for sticking it out to the bitter end without folding. Lets hope we can rake in some (blue) chips next year.


david morris said...

The rehearsals for the Betty Windsor 3 pm show tomorrow aren't going well.... They don't seem to be able to get beyond :

"Well... where does one f***ing start ?"

Marry Christmas to all on C@W

dearieme said...

I offer a wise Xmas wine tip. If, like me, your medications limit you to one drink a day, eschew sherry and enjoy Madeira instead. It keeps far better once the bottle's been opened.

E-K said...

Thanks, Dearieme. I'll bear that one in mind.

Thanks to all at Capitalists @ Work and contributors for keeping me sane (until last Sunday anyway.)

We've cancelled Christmas in our household and will be combining it with Easter when we will have hot cross buns with turkey and all the trimmings and then crucify the Baby Jesus.

Merry Christmas to you all anyway.