Schrödinger's Brexit

Max and Stacy ask whether, as Schrödinger's cat rules monetary and fiscal policy, could a collateralised Embassy Cat bond deliver the asset value the Bank of England needs? And, is the ECB financing M&A activity in the donut sector in order to prepare for the civil unrest they expect when their policies fail? In a real Schrödinger's cat moment, Stacy appears in the second half, too! They discuss low rates starting to wipe out pension funds and insurance funds and how the absence of capital expenditure (capex) in favour of share buybacks has, in turn, wiped out the real economy - as evidenced in the collapsing productivity numbers out of the United States.