Well, hung

What the hell is all the fuss about a hung Parliament? I know it doesn't happen often in Great Britain. Elsewhere, however, it is the norm. Think of a small, young democracy like the US. More often than not the President's party does not have a majority in the Congress and or the Senate. In the US it is considered a good thing; no one wants one party to have too much power. If the President knows he needs to convince the legislative to approve of his / her [it can still happen you know, a female president] actions, he / she will act more prudently than if he / she can conseider the House a mere rubber stamp.

So what's the fuss about a hung Parliament? Why do British politicians make so much of it? Why do they will the markets to fall and the £ to devalue? What's wrong with a coalition government in which two parties ensure that neither drives an extremist agenda? I say: nothing! The only thing is: it's un-British. So?

So here's my tip of the day. Take your $s and buy £s. Buy UK shares, especially BP. All of them are under-valued. Once a coalition government will be announced - and all three of the main parties would agree to compromise in order to be in government - everyone will relax a bit and things will go back to normal. I am putting a sound £1 bet on it!

PS 385km down. 615km to go. Need to do another 15km tomorrow to keep up the pace.