Tag Archives: Humphrey Percy foreign exchange

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Morning Brief – Zhejiang Geely Holding Group

Zhejiang Geely Holding Group

 

Owners of Volvo, Guangzhou based Zhejiang Geely has announced that they will simplify the Volvo range, create transparent pricing and go fully electric by 2030 having already pledged to be 50% electric by 2025. They now join Bentley, Ford and Jaguar, Land Rover that have made the same pledge to be all electric by 2030.

 

UK Banks and Wealth Management

 

The arithmetic is straightforward: UK bank deposits grew by GBP 221 billion in 2020 while lending grew by GBP 53 billion. This in a nutshell explains why the race is on at UK banks to improve their WM offerings. Given the negligible interest rates on offer, depositors will, the banks hope, rush to take up those new products and services. This may prove to be short lived once lockdown ends and savers regain confidence; then it will be likely spent on holidays, entertainment and home improvements-or maybe an electric Volvo.

 

Emerging Markets

 

With net inflows apparently slowing from January’s $55 billion of foreign money going into emerging markets, it was no surprise that only $31 billion was invested in February which was the lowest monthly amount since August last year.

 

We Gotta Get out of This Place

 

It was this day in 1966 that The Animals were due to perform to a packed Coliseum in Ottawa, Canada except…the  venue’s management refused to pay the band up front before the concert. On those terms, The Animals declined to play and after an hour of waiting, their fans rioted with plenty of damage to the Coliseum which left the venue, the band and the fans all out of pocket. Here is their 1965 hit which the Animals would doubtless have played and the venue management equally no doubt wished they had:

 

We Gotta Get out of This Place

 

In this dirty old part of the city

 

Where the sun refused to shine
People tell me there ain’t no use in tryin’

 

Now my girl, you’re so young and pretty
And one thing I know is true
You’ll be dead before your time is due, I know

 

Watch my daddy in bed a-dyin’
Watched his hair been turnin’ grey
He’s been workin’ and slavin’ his life away, oh yes I know it

 

And I’ve been workin’ too, baby (yeah!)
Every night and day (yeah, yeah, yeah, yeah!)

 

We gotta get out of this place
If it’s the last thing we ever do
We gotta get out of this place
‘Cause girl, there’s a better life for me and you

 

Now my girl you’re so young and pretty
And one thing I know is true, yeah
You’ll be dead before your time is due, I know it

 

Watch my daddy in bed a-dyin’
Watched his hair been turnin’…

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – St David’s Day

St David’s Day

 

A very happy St David’s Day to all of our Welsh readers. Canonised in 1120AD by Pope Callactus ll, St David died this day in 589AD. St David’s Day is marked by wearing either a daffodil or a leek (or both) and eating Welsh rarebit or cawl which is a broth like soup to the non Welsh among us. SGM-FX’s Operations Executive, Rob “Welsh” Warrington will doubtlessly be sporting a daffodil on the Teams call this morning.

 

Saudi Aramco

 

With oil prices over $60 the pressure on Aramco to repay their outstanding USD 10 Billion loan has eased somewhat. In case you are wondering what a company that has a market worth of in excess of USD 2 Trillion has to pay for a loan, the answer is 0.50% or 50BPs over LIBOR which for 12 months costs 0.28%. So not very much.

 

Walmart

 

News that Walmart is going into FinTech and has hired 2 Goldman Sachs bankers to lead the initiative. A path already well worn by the UK’s Marks and Spencers, Tescos and Sainsbury’s. With over 11,500 stores worldwide and revenues of USD 524 Billion, Walmart has the muscle to make a splash on Wall Street as big as the one they already make on Main Street.

 

Taiwan-China

 

Further ratcheting up of tensions this weekend-this time not in the air, but on the ground: China has banned the importing of Taiwanese pineapples, so the Taiwanese government has appealed to the patriotism of the Taiwanese to take up the slack by eating more pineapples. Taiwan exports 90% of its pineapple production to China so this is significant; not least for the Taiwanese who are consequently getting ready to eat 41,000 metric tons of pineapples.

 

The Byrds

 

It was this day in 1966 that front man, singer songwriter and all round legend Gene Clark announced that he was leaving American rock band The Byrds due to his……chronic fear of flying. The Byrds continued successfully until 1973 and despite a couple of revivals packed it in in 2000 having been a key influence on many bands.

Gene Clark went on to make some epic albums including No Other and Flying High and having lived what in rock and roll circles is known as life to the full, tragically died of a bleeding ulcer at the age of 46 in 1991. Here is the presciently named 1965 Byrds hit written by Gene Clark, I’ll feel a Whole Lot Better:

 

The reasons why
Oh, I can’t say
I have to let you go, baby
And run away
After what you did
I can’t stay on
And I’ll probably feel a whole lot better when you’re gone

 

Baby, for a long time
You had me believe
That your love was all mine
And that’s the way it would be
But I didn’t know
That you were putting me on
And I’ll probably feel a whole lot better when you’re gone
Oh, when you’re gone

 

Now, I’ve got to say
That it’s not like before
And I’m not gonna play
Your games anymore
After what you did
I can’t stay on
And I’ll probably feel a whole lot better when you’re gone
Oh, when you’re gone
Oh, when you’re gone
Oh, when you’re gone

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – US Dollar

US Dollar

 

Despite showing a gain to above JPY 106, USD was at a 3 year low yesterday as the commodity currencies such as the AUD and CAD benefited, as did the EUR posting $1.2230. Copper traded at $9,500 a ton its highest in 10 years and 10 year USTreasuries yielded 1.46%.

 

Asian Markets

 

It was South Korea’s Kospi that set a blistering pace with a gain of over 3% yesterday followed by the Nikki with 1.67% and the Hang Seng with 1.2%. As the end of the UK tax year approaches in just over a month, those reviewing their pensions and investments would do well to look at those Asian markets. While not all those Asian economies are uniformly attractive, nevertheless looking at China and the Greater China dependant economies plus the commodity economies such as Australia, if one subscribes to the view of a healthier global economy in 2021, there has to be a place for a decent amount of Asia in everyone’s portfolio. And this morning…oh dear, all those gains given back, but on the other hand those markets now cheaper for bargain hunting buyers!

 

W.L.Gore and Apple

 

One makes high quality sports clothing and one makes high quality electronic consumer goods; both are of course American. The difference lies in their treatment of customers and especially when there are issues with their products. One has a well oiled machine with its customer interface and the other said: you can make a complaint if you like, but it will be ignored. The first concerned some Goretex gloves (GBP40) that had faulty stitching and the second was in respect of its recently acquired Dr Dre trademark and its top of the range Powerbeats(GBP 222) that failed to re-charge. Moral of the story: when a very large company like Apple loses touch with its original mission regarding customers, consumers need a viable alternative. For me it will be Bose-great service and GBP179.

 

Eric Clapton

 

It was this day in 1997 that Eric Clapton won the Best Male pop category at the 39th Grammy Awards. EC has done good-at the last count worth over USD 450 million and still enjoying playing almost 50 years on from his debut in 1962. This song made it into the top 40 in 20 countries and was in the Billboard Hot 100 for 43 weeks. Here is Change the World:

 

If I could reach the stars
I’d pull one down for you
Shine it on my heart
So you could see the truth
That this love I have inside
Is everything it seems
But for now I find
It’s only in my dreams
That I can
Change the world
I would be the sunlight in your universe
You would think my love was really something good
Baby if I could
Change the world
If I could be king
Even for a day
I’d take you as my queen
I’d have it no other way
And our love would rule
In this kingdom that we had made
’til then i’ll be a fool
Wishing for a day
That I can
Change the world
I would be the sunlight in your universe
You would think my love was really something good
Baby if I could
Change the world

 

Have a Great Weekend!

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – UK Unemployment

UK Unemployment

 

Since march 2020 the number of people in work has fallen by 726,000 which is a 5 year high in unemployment to 5.1%-more than 60% of those jobs lost are the under 25’s. Within that overall figure, in Q4 2020 the number of people employed declined by 114,000. The statistic that stands out is that there are (only) 121,000 people actively looking for jobs. Before drawing any hasty and ill informed conclusions on that, this is due in part to the large and one of the worst hit sectors, the hospitality industry where those who want to work simply have no jobs to apply for given that cafes and pubs remain shut. GBP remains buoyant at a high versus EUR at 1.1570 and versus USD at 1.4075 partly on USD weakness and still riding high on the UK’s vaccination programme. Longer term GBP strength will depend on productivity and the overall health of the UK economy.

 

Travel Bookings

 

This week has seen the beginnings of a reversal in the fortunes of travel companies with tour operator Tui reporting a 500% increase in foreign holiday activity on its website. Some caution of course on two fronts: first that increase is from a very low base and secondly that understandably people are cautious given the uncertainty over vaccination passports and the draconian and expensive quarantine regulations upon return to their home countries. While Easter looks to be lost in terms of holiday bookings, hopes are pinned on May and the summer season. Meantime EasyJet and other short haul European airlines are enjoying a flood of enquiries.

 

The Eagles

 

Back on this day in 1976 The Eagles’ Greatest Hits went platinum and this was the first time a band had sold 1 million copies of a record. The Eagles were to stay in the Top Billboard 100 for the following 2 years and this song remains as much of a hit 45 years later: Hotel California

 

On a dark desert highway, cool wind in my hair
Warm smell of colitas, rising up through the air
Up ahead in the distance, I saw a shimmering light
My head grew heavy and my sight grew dim
I had to stop for the night
There she stood in the doorway;
I heard the mission bell
And I was thinking to myself,
“This could be Heaven or this could be Hell”
Then she lit up a candle and she showed me the way
There were voices down the corridor,
I thought I heard them say…

 

Welcome to the Hotel California
Such a lovely place (Such a lovely place)
Such a lovely face
Plenty of room at the Hotel California
Any time of year (Any time of year)
You can find it here

 

Her mind is Tiffany-twisted, she got the Mercedes bends
She got a lot of pretty, pretty boys she calls friends
How…

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – Inflation

Inflation

 

A survey recently undertaken in the USA found that both market professionals and also retail investors when polled, by a significant majority responded that they were not concerned about inflation. Without wishing to rain on that particular parade, we should all remember that only approximately half of the population have any experience of inflation. Apart from increasing productivity or raising taxes, the historic remedy for governments looking to reduce debt has been to inflate their way out. While there has been a barely imperceptible increase in inflation in the past year, it is nothing in comparison to the 1970’s when oil stood at $3.56 in 1973 and reached $39.50 in 1980. An equivalent move in the 2020’s would see oil go to $320 and no-one is anticipating that-thank goodness. However as markets look hopefully for signs of an uptick in inflation, for the other half of the population that do have first hand experience of inflation, it is with some trepidation. UK Inflation stands at 0.5% and in both the USA and the EU it is pretty much the same.

 

South Africa Tax

 

The RSA Treasury is seeking to raise ZAR 40 Billion (USD 2.73 Billion) over 3 years by increasing the country’s income tax rates, but due to the loss of skilled and high earning workers who have migrated overseas, this is looking unlikely-good news in some ways for tax payers, but the less good news for the country is that the tax base is too small for the amount of debt that has been incurred.

 

South China Sea

 

Tensions rose again over the weekend with Taiwan scrambling planes to intercept Chinese fighters that once again invaded its airspace. In addition to the US presence in the area, France separately dispatched an aircraft carrier to the South China Sea for exercises. Unkind suggestions were made that this was to distract from France’s fascination with President Macron’s waistline-he is reported as having increased his previously sylphlike profile from 73 kg by at least 10%. EUR unmoved and trading at USD 1.2120.

 

James Blunt

 

Singer, songwriter, musician and record producer, James Blunt has demonstrated great success in his career from his start as an army officer together with a wide selection of sporting interests. As he enjoys his 47th birthday today, he can reflect on all that plus the no small feat of selling more than 20 million records. Here is one of his best:

My life is brilliant

My life is brilliant
My love is pure
I saw an angel
Of that I’m sure
She smiled at me on the subway
She was with another man
But I won’t lose no sleep on that
‘Cause I’ve got a plan

 

You’re beautiful
You’re beautiful
You’re beautiful, it’s true
I saw your face in a crowded place
And I don’t know what to do
‘Cause I’ll never be with you

 

Yes, she caught my eye
As we walked on by
She could see from my face that I was
Fucking high
And I don’t think that I’ll see her again
But we shared a moment that will last ’til the end

 

You’re beautiful
You’re beautiful
You’re beautiful, it’s true
I saw your face in a crowded place
And I don’t know what to do
‘Cause I’ll never be with you

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – US Employment

US Employment

 

Keenly watched as a barometer of not only the US but also the global economy, initial claims for unemployment benefits was higher than expected this week and compounded by a revision upwards by 55,000 in the claims for the preceding week meant that the market did not like it with USD weakening after two days of gains. The headline figure is that 18.3 million Americans were receiving unemployment benefits at the end of January. The weekly figures can as demonstrated be volatile and this week the release has been exacerbated by the auto manufacturers closing down production on some production lines due to a world shortage of semi conductor chips.

 

Thyssenkrupp

 

The German steel company has called off talks with UK steel company Liberty owned by Sanjeev Gupta. The war of words started immediately with the blame game in full swing last night with Thyssenkrupp accusing Liberty of making a lowball offer and in return Liberty saying it was incomprehensible that Thyssenkrupp had chosen to call it a day. In case you are wondering the gap is quite wide with Liberty valuing the steel division at negative EUR 1.8 billion and Thyssenkrupp seeing it as being zero to minus EUR 400 million. With GBP at a recent high versus EUR, that gap may not be quite as large as it seemed a few weeks ago.

 

Porsche

 

News that VW is contemplating a stock market listing for wholly owned marque Porsche. The argument for doing so is clear cut: VW needs cash (lots of it) to get in the race for electric vehicles properly. Ferrari shares trade on a heady multiple of 32 times earnings which can in part be explained by Italian flamboyance and exuberance; the rest is due to the juicy margins on their cars. A more sober German multiple of for example 20 times Porsche earnings would deliver VW an amount almost equivalent to the value of the whole VW group at present. Porsche already has an EV product in the Taycan, so if you do not fancy a set of flash wheels, keep your eyes peeled for news of the listing. The shares may represent long term value. On the other hand, if you are looking for an excuse, Porsche do produce superb cars…!

 

One Hit Wonder

 

Maybe unfair but Harry Nilsson did only have one number one hit. It was this day in 1972 that the Pete Ham and Tom Evans song released by Harry Nilsson went to number one and was a smash hit. In 1994 Mariah Carey also enjoyed huge success with Without You by staying in the Top 40 for 21 weeks.

 

Without You:

No I can’t forget this evening or your face as you were leaving

 

But I guess that’s just the way the story goes
You always smile, but in your eyes
Your sorrow shows
Yes, it shows

 

No I can’t forget tomorrow
When I think of all my sorrow
When I had you there but then I let you go
And now it’s only fair that I should let you know
What you should know

 

I can’t live
If living is without you
I can’t live
I can’t give anymore
I can’t live
If living is without you
I can’t give
I can’t give anymore

 

Well, I can’t forget this evening or your face as you were leaving
But I guess that’s just the way the story goes
You always smile, but in…

 

Have a Great Weekend!

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – US Dollar

US Dollar

 

With US consumer sentiment falling in the last two weeks and indications of slower job growth, hopes for a fast snap back for the US economy have been dented but not badly damaged-see below. What this adds up to is a drop of 1.5% in the USD over the past fortnight. All grist to the GBP mill which at over 1.39 is benefitting from a Boris vaccination bounce as well as the USD weakness. Expectations of a stronger global recovery is of course also bad for the USD.

EUR has recovered some of its poise and is trading at USD 1.2150+ while the row between EU and its constituent parts rumbles on over the European vaccination rollout.

 

Silver and Gold

 

Silver off at $27.90 and Gold down $22.50 a whisker above the psychologically key level of $1800-why? It’s all down to where the bond market is trading with 10 year US Treasury yields at 1.25% a high for this year buoyed by hopes that the $1.9 trillion Covid relief package is progressing towards finalisation plus what is perceived as an increasingly successful US vaccination program.

 

Hang Seng

 

Hong Kong’s Hang Seng index re-opened post New Year with a bang yesterday jumping almost 2% to 30,746.66. While China remains shut, stocks rallied and interestingly those rises notably included cinema stocks IMAX China  and Alibaba Pictures. Beleaguered cinema stocks in the West might draw comfort from the fact that Chinese box office takings during the week ending 11-02-21 set a revenue record.

 

Good Vibrations

 

With the end of February (almost) in sight, surfers are dusting off their boards and getting ready for the season everywhere from Biarritz to Big Sur by listening to their surfing sounds.  Therefore it is appropriate to turn to Brian Wilson and The Beach Boys who this day in 1966 recorded Good Vibrations. After that Brian Wilson having experimented with marijuana worked his way through the entire menu of so called psychedelics before moving on to cocaine. Happily now at the end of that particular journey, Brian Wilson continues at the age of 78 to perform and produce great music. Here is Good Vibrations:

 

I-I love the colorful clothes she wears
And the way the sunlight plays upon her hair
I hear the sound of a gentle word
On the wind that lifts her perfume through the air

 

I’m pickin’ up good vibrations
She’s giving me the excitations (oom bop bop)
I’m pickin’ up good vibrations (good vibrations, oom bop bop)
She’s giving me the excitations (excitations, oom bop bop)
I’m pickin’ up good vibrations (oom bop bop)
She’s giving me the excitations (excitations, oom bop bop)
I’m pickin’ up good vibrations (oom bop bop)
She’s giving me the excitations (excitations)

 

Close my eyes, she’s somehow closer now
Softly smile, I know she must be kind
When I look in her eyes
She goes with me to a blossom world

 

I’m pickin’ up good vibrations
She’s giving me excitations (oom…

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – St Valentine

St Valentine

 

Named after two martyrs both named Valentine executed by Roman Emperor Claudius ll in the 3rd century AD on 14 February(14-02-0002), Valentines Day now enjoys worldwide commercial success. It started off as a pagan festival which was then adopted by the Catholic Church before taking off with cards, flowers and gifts being exchanged. Needless to say, SGM-FX Operations Head and romancer Romeo, Jamie Pritchard marked Valentine’s Day florally, but in addition he substantially raised the bar by inking the purchase of a new home over the weekend.

 

Gorka Szczesliwicka

 

This will mean something to Polish readers and especially Polish skiers as being the nearest skiable mountain near Warsaw which has just re-opened. In a sign that gives hope to the rest of Europe, Poland has taken the positive and pragmatic decision given the relatively low incidence of Covid to get the entertainment sector going by declaring the cinemas and ski slopes open which will in turn give the economy a much needed boost. The Zloty duly rallied on this news and strengthened to 3.71 v USD.

 

Boom

 

Yesterday 14-02-21 you may have been too busy celebrating Valentine’s Day to have noticed, but a new radio station was launched named Boom. Targeted at baby boomers ie those born between 1946 and 1974, Boom has a great selection of presenters, music and other excellent content. Broadcasting digitally from London, Birmingham, Glasgow and Bristol, Boom can be found at 97.3 FM. Check it out, it’s just the antidote for 2021!

 

Livin’ on a Prayer

 

New Jersey rock band Bon Jovi released this hit song in 1987. Three members of the band that was launched in 1983 are still part of the current line up and continue to pack out the very largest stadiums. Here is Livin on a Prayer that still resonates today 34 years on:

 

Once upon a time not so long ago

 

Tommy used to work on the docks, union’s been on strike
He’s down on his luck, it’s tough, so tough
Gina works the diner all day working for her man
She brings home her pay, for love, for love

 

She says, we’ve got to hold on to what we’ve got
It doesn’t make a difference if we make it or not
We’ve got each other and that’s a lot for love
We’ll give it a shot

 

Woah, we’re half way there
Woah, livin’ on a prayer
Take my hand, we’ll make it I swear
Woah, livin’ on a prayer

 

Tommy’s got his six-string in hock
Now he’s holding in what he used to make it talk
So tough, it’s tough
Gina dreams of running away
When she cries in the night, Tommy whispers
Baby, it’s okay, someday

 

We’ve got to hold on to what we’ve got
It doesn’t make a…

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – Ocado

Ocado

 

British online grocery, Ocado not only announced soaring annual earnings of 69% yesterday but felt sufficiently confident to announce that the future of food retailing had changed-for ever. No longer will shoppers choose to visit supermarkets, but will instead click and await delivery. Ocado’s hook up with Marks and Spencer is going very well and Ocado’s value is now 4 times that of Sainsbury’s. UK shoppers have taken to online food shopping with enthusiasm and Ocado is seeking to repeat that success in both the USA and Japan where they already have partnership deals.

 

United Arab Emirates: Life on Mars

 

This time the UAE is in the news for having spent $200 million to join the Big Boys Club with their own unmanned space mission to Mars. Not content with the 50c temperatures at home some months of the year, the Emiratis have designs on the Red Planet. The UAE spacecraft entered its Martian orbit at 4pm London time yesterday ahead of craft from both the USA and China that also plan to land on Mars shortly. The UAE mission set off in July last year and is named Amal meaning hope. The UAE Dirham continues to take all this in its stride and is unchanged at 3.67 versus USD.

 

US Bank Stocks

 

Having looked at US Treasury Bond Yields earlier this week: 2 years 0.12%, 5 years 0.50% and 10 years 1.15%, I looked into dividend yields on top name US bank shares:

Citigroup, 3.3%, JPMorgan 2.6% and Bank of America 2.2%. Of those, the share that is most undervalued or commands the highest discount is Citigroup which is forecast to appreciate by 25% in the next 12 months. As readers know, we neither offer an equity service nor do we forecast equities, but it did strike me that for savers who are not enjoying negative or negligible Euro or GBP interest rates on their hard won savings, the chance of both a decent yield and also capital appreciation by switching into USD is worth considering. Also if that’s not enough to love, Citigroup has a new female British CEO!

 

The Power of Love

 

It was Jennifer Rush who wrote and originally sang this hit in 1984 making it a UK number one. However it was 10 years later on this day in 1994 when Celine Dion released her version of the song that went straight to number one in both her native Canada and the USA: here it is:

 

The whispers in the morning
Of lovers sleeping tight
Are rolling by like thunder now
As I look in your eyes

 

I hold on to your whole body
And feel each move you make
Your voice is warm and tender
A love that I could not forsake

 

‘Cause I’m your lady
And you are my man
Whenever you reach for me
I’ll do all that I can

 

Lost is how I’m feeling lying in your arms
When the world outside’s too much to take
That all ends when I’m with you

 

Even though there may be times
It seems I’m far away
Never wonder where I am
‘Cause I am always by your side

 

‘Cause I’m your lady
And you are my man
Whenever you reach for me
I’ll do all that I can

 

We’re heading for something
Somewhere I’ve never been
Sometimes I am frightened
But I’m ready to learn
Of the power of love

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Morning Brief – The Euro

The Euro

 

Following Mario Draghi’s selection as Italy’s next Prime Minister, markets were upbeat on Italy’s prospects with the all important spread of 10 year Italian Bonds to German Bunds being at 100 basis points for the first time for a year having blown out to 240 basis points last April when Italy was reeling from Covid. This positivity has not however flowed through to the Euro, which having surged to USD 1.23+ just a few weeks ago and caused market sages to announce the demise of the USD, has fallen below 1.20. Where now? Those same sages are now calling for a re-tracement back to 1.17 and a period of EUR weakness. For GBP buyers of EUR, this has meant the best levels on offer for a year.

 

Oil

 

Since November, WTI oil has inexorably risen by almost 55% to its current level of $57 as the oil market has taken heart from a unified OPEC, supply cuts and a growing optimism that the global economy will continue to bounce back strongly. Good news given the amount of global debt incurred in fighting the pandemic and the need for a return to productivity. Forecasted to reach $70, oil is the symbol of a broad commodity rally.

 

US Real Estate Valuations

 

Bad news for owners of property in Las Vegas which has been crowned as the most overvalued metropolitan area in the USA by 28%. In second place is Dallas Fort Worth.

However as we know, it is always best to remain sanguine with statistics like this proving over time that generally demand considerations play a key part in leading the market; in the case of Las Vegas, it is also one of the fastest growing conurbations in the USA.

 

The Supremes

 

It was back in 1965 when the Supremes led by Diana Ross and ably supported by Florence Ballard and Mary Wilson released what was to become a smash hit. For those anoraks among you, the origin of the song was based on the story of a man being discovered by his wife in a motel room and having offered the unconvincing explanation that he was working late, was instructed:

Stop! In the Name of Love:

 

Oh baby, I’m aware of where you go

 

Each time you leave my door
Watching you walk down the street
Knowing there’s another guy you’ll meet
This time before you run to him
Leaving me alone again

 

Think it over
Haven’t I been good to you, babe
Think it over

 

Stop in the name of love
Before you break my heart
Stop in the name of love
Before you tear it apart

 

I’m trying hard
Hard to be patient
Wish you’d stop this infatuation
But each time I think of you together
I see myself losing you forever
This time before you leave my heart
And rush back into his arms

 

Think it over
Haven’t I been good to you, babe
Think it over
Haven’t I been sweet to you, baby

 

Stop in the name of love…

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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