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Why 95% of Traders Fail

Michael 'Little Finger' Gove Slays Boris 'Baratheon' Johnson in Game of Thrones for Next Tory PM

Politics / UK Politics Jun 30, 2016 - 04:11 PM GMT

By: Nadeem_Walayat

Politics

David Cameron's announcement to step down as Prime Minister by early September propelled Brexit Leader Boris Johnson to become the favourite to takeover as Britain's next Tory Leader and Prime Minister. However, the great game for the Tory 'iron throne' was on, as Michael Gove today both discredited Boris Johnson whom he was supposed to be the campaign manager for and then went against EVERYTHING he has stated during the EU Referendum Campaign, in fact against everything he has been saying for the past 4 years by declaring that he himself would now stand for the Tory Leadership, so it looks like Gove, just like 'Little Finger' has apparently been manoeuvring towards the Tory 'iron throne' all along!


For instance during the referendum campaign when asked in one of the debates - "When Mr Cameron steps down are you considering a leadership bid?"

Michael 'Little Finger' Gove replied " I can tell, I am absolutely not. The one thing I can tell you is that there are lots of talented people who could be Prime Minister after David Cameron, but count me out"

And earlier still ""The one thing I do know having seen David Cameron up close is it takes extraordinary reserves of patience of judgement of character to lead this country and he has it and I don't and I think it's important to recognise in life you’ve reached an appropriate point."

And one more time - "There are lots of other folk including in the Cabinet who could easily be prime minister, I am not one of them. I could not be prime minister, I am not equipped to be prime minister, I don’t want to be prime minister."

And then today the stage was set for Boris 'Baratheon' Johnson to declare his intention to stand as next Tory Leader and Prime Minister, only for Michael 'Little Finger' Gove to make his surprise announcement a couple of hours beforehand in what looks like a co-ordinated assault to pull the rug from under Boris Baratheon Johnson by taking a large chunk of the MP's who would have supported Boris Johnson by stating -

"I have come, reluctantly, to the conclusion that Boris cannot provide the leadership or build the team for the task ahead. I have therefore decided to put my name forward for the leadership."

In response to which Boris Johnson surprised all by stating that he would not be standing - "I must tell you my friends, you who have waited patiently for the punch line of this speech that having consulted colleagues and in view of the circumstances in Parliament I have concluded that person cannot be me, my role will be to give every possible support to the next Conservative administration to properly fulfill the mandate if the British people"

So whilst Michael 'Little Finger' Gove may today be the rank outsider amongst the list of declared candidates to sit on the Tory 'iron throne' now that Boris 'Baratheon' Johnson has been slain along with his bullingdon club buddy David 'Lanister' Cameron, which effectively clears the field for previously unthinkable candidates such as Michael 'Little Finger' Gove to continue working his way on the Tory 'iron throne'.

Of the list of candidates the following now stand out with Theresa May the clear favourite to seize power and the keys to No 10 -

  • Theresa 'Cersi' May - Favourite
  • Michael 'Little Finger' Gove
  • Andrea 'Martell' Leadsom
  • Stephen 'Greyjoy' Crabb

It's too early to see who will win the chaotic great game to become the next Tory Leader and Prime Minister as there is a long way to go and with much more political bloodshed expected along the way, but for now do NOT underestimate Michael 'little finger' Gove.

And whilst the Tories sort out their next Leader Britain is effectively being run by Mark Carney at the Bank of England who has been busy pumping hundreds of billions into the markets and banking sector.

Meantime the Labour party seeing the Tories in complete disarray have decided to go one step better by completely self destructing as Labour MP's attempt to get rid of Jeremy Corbyn, who is the overwhelming choice of the ordinary Labour party members, an effective Westminister coup which does not bode well for Labours electoral prospects. Which acts to reinforce my long standing expectations that the Conservatives remain firmly on track to win the NEXT General Election regardless of who eventually claims the Tory 'iron throne'.

REMAIN vs LEAVE

And where BrExit is concerned, it is useful to know that whilst 52% of the British people voted for LEAV, 75% of Westminister MP's backed REMAIN, which means it is going to be tough to achieve a BrExit outcome, especially if the next PM is not selected from the BrExit camp.

And this throws up an even bigger problem for Westminster which is that the mainstream political parties DO NOT reflect the electorate. The divisions between Labour, Liberals and Conservatives do not reflect the divisions in the nation which the EU Referendum did, i.e. LEAVE and REMAIN are better representative entities than either of the Conservative or Labour party's, which implies that the referendum may claim at least one of these parties as the political spectrum is redrawn.

For how we got here then see my highlights from BBC's 8 hour coverage of EU Referendum night.

Also see how all hell broke lose once the polls closed Friday as the markets, bookmakers and pollsters ALL got the EU Referendum very badly wrong, as YouGov's 10pm poll convinced all, even Nigel Farage that REMAIN had won triggering a further sharp rally in the FTSE futures and sterling that was sustained until the actual results started to be announced shortly after midnight. Which I covered in this comprehensive video of exactly what happened in the markets during a very volatile trading session.

Ensure you are subscribed to my always free newsletter for my next comprehensive analysis that evaluates the many future consequences of BrExit.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2016 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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