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How Long Will Burnham Last?

Burnham has claimed that nationalisation – taking Britain back to the pre-Thatcher 1970s – will cure the country’s ills. He’s in for a very nasty shock...

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Morgan Stanley: Gamma vs Theta

Our preference is for the former: long volatility. Rising corporate aggression, a less predictable policy backdrop, and reduced central-bank visibility may make 1997–98 the more useful volatility template...