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…
As seen in the latest issue of Master Investor Magazine Between a Rock and a Hard Place Eight years after the nadir of the financial crisis, interest rates are still near zero in the US and negative in many European countries and Japan. Fiscal policy has quietly assumed a secondary role while central bankers have…
I know a man who spends most nights in an opera house or recital hall. It strikes me as a bit of an odd pastime which tends to detach you from the hard reality of existence. But then, opera is life ‘with knobs on’; the phrase I once used as a lad when I had…
The inability of the FED to hike rates is turning into a chronic disease. Each time the central bank becomes more hawkish in anticipation of a hike, something happens to erode the prospects for even the smallest hike. Since the time of Ben Bernanke, the FED has been putting too much stock in the market’s…
As seen in the latest issue of Master Investor Magazine In the next stage of the Information Age nations which share a cultural affinity will coalesce into closer political and economic partnerships. The principal cultural affinity of the UK is with other English-speaking nations, not Europe (which is heterogeneous, anyway). The forthcoming EU referendum in…
