Economics & Markets

How to make sense of bond madness

How to make sense of bond madness

6 mins. to read

After some initial enthusiasm, investors are now having second thoughts about the reflation trade and once again pouring more money into bonds, as inflation is expected to remain low for longer than first appeared. But, when yields on a 70-year sovereign are at 1.65%, something must be seriously wrong and it can all only end in tears. Financial markets…

Where will Sterling go from here? Here’s a prediction…

Where will Sterling go from here? Here’s a prediction…

8 mins. to read

At the Master Investor Show in London on 25 March, which many of my readers will have attended, one question came up again and again to the various luminaries gathered to dispense their insights and knowledge. Where do you foresee Sterling going? Overall, most of the assembled experts, including my friend Evil Knievel, were Sterling…

Stay young, get rich – why longevity science is the next money fountain

Stay young, get rich – why longevity science is the next money fountain

3 mins. to read

At the latest Master Investor Show, Jim Mellon, one of the UK’s most successful investors and entrepreneurs, revealed his current passion and new investment focus: longevity science. Jim truly believes that longevity is the next “money fountain” and that in 30 years’ time, life expectancy will easily reach 110 years due to cutting edge technologies…

Revealed: What history teaches us about Brexit

Revealed: What history teaches us about Brexit

10 mins. to read

The constitutional historian Professor David Starkey has compared the invocation of Article 50 of the Lisbon Treaty on 29 March with King Henry VIII’s break with Rome in the 1530s[i]. As Professor Starkey describes in his numerous books, that event had momentous historical consequences for Britain. Politics in those days moved more slowly – and were…

The slow death of the Anglo-Saxon stockbroker

The slow death of the Anglo-Saxon stockbroker

1 mins. to read

Back in 1998, the author Michael Lewis, then a columnist for Bloomberg, wrote as follows: “When historians of everyday life look back on 20th-century American capitalism they will be astonished by the role played by our stockbrokers. Certainly, it will be hard for them to explain to their readers the willingness of a prosperous American…

The risks are piling up in emerging markets

The risks are piling up in emerging markets

6 mins. to read

Financial markets have been on an impressive run since Donald Trump was elected in November. The S&P 500 is up 10.7%, the Dow is up 13.1% and the MSCI World (which is a proxy for developed markets) is up 9.9%. Trump’s promises in terms of tax cuts, infrastructure spending, protectionism for US industries, repeal of…

An amicable divorce?

An amicable divorce?

10 mins. to read

Ready. Aim. Fire! The notorious Article 50 of the Treaty of Lisbon (2007) was “triggered” by the United Kingdom last night when Prime Minister May signed off a historic letter to Donald Tusk, President of the European Council. This was delivered by hand by Sir Tim Barrow, our man in Brussels, at 12:20 BST this afternoon.…

Mellon on the Markets: The next money fountain

Mellon on the Markets: The next money fountain

5 mins. to read

Another Master Investor done! A huge crowd, impressive companies, great speakers and an engaged audience. Well done Swen and team! I must say I always feel wrung out afterwards, as it takes weeks to prepare my speech and develop my theme. Luckily, this year, I think we are onto a new money fountain centred on…