Thursday , July 18 2019
Home / Mish's Global Economic / Another One Bites the Dust: Ultimately it will Be Johnson vs Hunt or Gove

Another One Bites the Dust: Ultimately it will Be Johnson vs Hunt or Gove

Summary:
Matt Hancock dropped out today but refused to endorse anyone. Unless he does, both Javid and Stewart will drop next. With the elimination of Hancock, Raab is highly likely to find the 33 votes he needs in the next round of eliminations on Tuesday. The same cannot be said for Javid or Stewart. The votes for Leadsom and McVey (both strong Brexiteers) eliminated in the first round, will go to Johnson or Raab. There are about 30 votes (20 Hancock and 10 Harper) that will be split between Hunt, Gove, Javid, and Stewart. Even if there were 40 change votes to be had, an equal split would still eliminate Javid and Stewart. It's Irrelevant None of this matters. Ducks Falling in Line ​ Even recent critics of Johnson now back him. From the Guardian Live Blog: Sugar resigned from the Labour party

Topics:
Mike Shedlock considers the following as important:

This could be interesting, too:

Mike Shedlock writes Junk Bond Bubble in Pictures: Deflation Up Next

Mike Shedlock writes Housing Slowly Rolling Over: June Permits Down 6.1%, Starts Down 0.9%

Mike Shedlock writes British Pound Dives as Brexit Reality Sinks In

Mike Shedlock writes Retail Sales Post a Solid Month Led by Autos and Amazon

Matt Hancock dropped out today but refused to endorse anyone. Unless he does, both Javid and Stewart will drop next.

With the elimination of Hancock, Raab is highly likely to find the 33 votes he needs in the next round of eliminations on Tuesday.

The same cannot be said for Javid or Stewart.

The votes for Leadsom and McVey (both strong Brexiteers) eliminated in the first round, will go to Johnson or Raab. There are about 30 votes (20 Hancock and 10 Harper) that will be split between Hunt, Gove, Javid, and Stewart.

Even if there were 40 change votes to be had, an equal split would still eliminate Javid and Stewart.

It's Irrelevant

None of this matters.

Ducks Falling in Line

Even recent critics of Johnson now back him.

From the Guardian Live Blog: Sugar resigned from the Labour party in May 2015 after an 18-year affiliation, attacking what he called “anti-enterprise concepts” and “a policy shift moving back towards what old Labour stood for”.

Final Four, Then Two - Then Johnson

Johnson, Hunt, Gove, and Raab will likely be the final four. If Raab is eliminated next, he would likely back Johnson or nobody.

It's shaping up as Johnson vs Hunt or Gove.

Johnson will win in a landslide unless he makes some amazing gaffe.

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Leave a Reply

Your email address will not be published. Required fields are marked *