The Countdown to Brexit Zombie Apocalypse Begins Anew

Yves Smith this morning (see "Brexit: Can Anyone Take the Wheel From Johnson?") begins anew what will likely be a series of gloomy crash-out speculations:

Richard North argues in today’s post that unless Johnson changes his mind, a crash-out is baked in. The spectacle of the pound falling almost 3% today on his bluster won’t make a difference. Sterling is at January 2017 levels against the dollar. This isn’t a sterling crisis, and it’s not clear how much financial markets distress it would take to move “fuck business” Johnson. And he and his Team Leave stalwarts seem remarkably unconcerned about wee problems like not being even close to where they need to be to re-do UK legislation to untangle it from decades of integration with EU law.

I am going to try to avoid posting much on Brexit conniptions. Boris' media circus isn't meant to do anything else other than transfix voters right up until Halloween. His scotching of the Irish backstop guarantees that the EU will not deal with him.

The story in this zombie apocalypse remains "When oh when will a general election be called?" I think Johnson realizes an election in the near term cannot be avoided. He's campaigning now. Yves Smith thinks Labour will lose seats. I can't recall if she successfully predicted May's utter failure in the last general election in 2017. Most were predicting then that the Tories would add seats. Don't dismiss Labour just yet.