Opinion  

Welcome to my list of Very Bad Things

Simoney Kyriakou

Simoney Kyriakou

Have you ever written a gratitude diary?

I have. I was encouraged to do so by one of the counsellors at church and it kept me occupied for a few weeks. 

Until I discovered something I liked writing a whole lot more. 

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Lists. 

Specifically, lists of things that annoy me. Lists of stupid things people do. Lists of things people say that make me laugh. I appear on my own lists quite a lot, perhaps unsurprisingly. The first two in particular. 

Of late I have been compiling a list of Very Bad Things. 

The list is growing every day and it charts certain facts, figures and statistics that point to the reality of the situation in which the economy, and the everyday man and woman, will end up. 

The list is pretty bleak, but writing it has proved quite cathartic in a way. I suppose if you knew you only had a few weeks left to live, it would allow you to focus on either finding a solution or living it up on Bora Bora. 

Just so, my list of Very Bad Things allows me to speak to experts and commentators and read up on what their suggestions are to help mitigate the effect of these prognoses of gloom. 

It has also opened my eyes to the reality that things could be so, so much worse. 

Yes, I admire contrarian views. Contrarian investors often have salient points to make.

My favourite contrarian always used to be Hugh Hendry, formerly of Odey Asset Management (which has been in the news a bit recently), and latterly of Eclectica Macro. He is now a luxury hotelier, surfer and finfluencer. 

But he has been replaced by American investor Bill Bonner in my list of people who are ultra-contrarian. 

Bonner is so downbeat he makes Hendry look like Gladys Aylward, marching triumphantly over the mountains with 100 singing orphans in tow.

In his most recent video missive, he presents an apocalyptic scenario for America should the energy crisis escalate unmanageably, with civilisation as we know it ending within weeks. 

Well that’s cheery – at least it would last longer than most people have been chancellor of the exchequer this year.

Anyway, on to the list – and do feel free to share your own doom-mongery thoughts with me. Misery loves company. 

1) The Office for National Statistics has reported a sharp rise in insolvencies

2) There has been a drop in the number of non-doms: Research from RIFT Tax Refunds has revealed the decline in the level of UK non-domiciled taxpayers spurred by the EU referendum, as well as a raft of tax-related changes concerning non-doms, has resulted in a 10.7 per cent annual drop in non-dom numbers, down 44.5 per cent since the 2015 peak.