Analysis

Margaret Thatcher's Brexit Prediction

She didn't believe in the equality of the sexes. She believed in the superiority of women.

LIVE SIGNALS
Global growth nowcast2.60%
AI compute index18%
Yield curve (10Y-2Y)-0.18%
Consumer confidence104.7
CPI (YoY)3.10%

Wise people study history so they can understand the present.

Before there was a President Trump, there was a Louisiana Kingfish. And, like Trump, Huey Long was impeached for bribery.

On the other side of the Atlantic, British politics is trying to make America look normal. Not-quite-a-tenor Boris Johnson is leading an effort to take the UK out of the EU. It's not working particularly well.

Is Johnson crusade a new one? Apparently not.

Charles Moore, Margaret Thatcher's official biographer, recounts how the Iron Lady was advocating similar positions throughout her decade-plus stint as PM. During the interview, which is worth a listen, Moore makes several notable points – including Thatcher's warnings about the dangers of climate change – but this is my favorite:

She didn't believe in the equality of the sexes. She believed in the superiority of women.

Enjoy.