British intelligence has confirmed that a Great White shark sighting in the Mediterranean Sea poses no threat to UK waters. For those of us more accustomed to tracking capital flows than marine predators, the news is a rare moment of relief. The shark, presumably uninterested in gilt yields or inflation data, will not be migrating north.
This is a welcome diversion from the usual fiscal anxieties. The market for shark sightings, if it existed, would likely shrug at this development. However, the episode serves as a reminder that not all threats are systemic.
While central banks grapple with price stability, nature occasionally offers a non-financial shock. The intelligence community's involvement raises questions about resource allocation, but I find no cause for alarm. The UK's waters remain safe, at least from apex predators.
The real predators remain those of inflation and fiscal imprudence.
