As seen in the latest issue of Master Investor Magazine “The Federal Reserve Bank buys government bonds without one penny…” – Congressman Wright Patman, Congressional Record, Sept 30, 1941 Unlimited Intervention Over the last few years, investors have been trying to front run central banks by purchasing bonds, in anticipation of huge price increases…
The last two weeks have been tough mostly because of the Brexit outcome, as it created volatility where peace was previously found. But, speculators, spread bettors and investors all find the best opportunities during panic situations like this. The world has been turned upside down: the 43-year British EU membership is at risk, the pound…
“What we should grasp, however, from the lessons of European history is that, first, there is nothing necessarily benevolent about programmes of European integration; second, the desire to achieve grand utopian plans often poses a grave threat to freedom; and third, European unity has been tried before, and the outcome was far from happy.” –…
About 20 years ago, I was descending a Monro (mountain) in Scotland – Beinn Bheigeir on Islay, to be precise – leading two beautiful young people back to the sea. (My niece and nephew: the girl is now an academic in Switzerland and the boy is in private equity.) And, as it can do there,…
Investing in the UK Pre and Post Brexit At 04:39 on Friday, 24 June David Dimbleby announced that the BBC forecast was that REMAIN could not now win. Cut to a beaming Nigel Farage at a party somewhere talking about the British people getting their country back. As the enormity of the news sunk in,…
Brexhausted! I’m now back in Spain after being in the UK on the day of and the morning after the referendum. Wow – what a result! I went to the area just outside Parliament where the TV and radio stations had set up and had been broadcasting all night till the morning of June 24th.…
“It pounds daily on the nerves: the insanity of numbers, the uncertain future… An epidemic of fear and naked need: lines of shoppers, long since a customary sight, once more form in front of shops, first in front of one, then in front of all… The lines always send the same signal: the city, the…
As seen in the lastest issue of Master Investor Magazine This month, you’d have had to have been living under a rock to avoid the Brexit discussions. Whether it’s Boris shouting from the rooftops ‘Knickers to the pessimists and the merchants of gloom’, or Cameron declaring that World War III might be triggered by Brexit,…
Things are getting nasty for central banks. They’re wasting their remaining credibility with foolish predictions that just end up being revised at every policy meeting. As I expected, the FED kept rates unchanged for the sixth consecutive month after hiking its funds target in last December to 0.25 – 0.50pc. The FED’s prediction of…
You’re feeling peaky, but daren’t leave your work station to go to the doctor as the CEO is over from New York – and is prowling. Your child is off sick at home and has just texted to say she’s feeling nauseous. It’s Saturday night and you’ve conceived weird needle pains in your upper arm…
