Economics & Markets

Mellon on the Markets – Europe’s Phoney Recovery

Mellon on the Markets – Europe’s Phoney Recovery

8 mins. to read

Jim’s top 3 thoughts of the month: 1 – QE will not successfully stimulate European economies. 2 – After making 130% on Apple, I would now go short. 3 – Synergy Pharma as trading buy. I am writing this in my flat in Berlin, looking out over the Reichstag, scene of heavy fighting at the…

The Fed’s View On Price Stability

The Fed’s View On Price Stability

8 mins. to read

Economic analysis by Filipe R. Costa Long gone are the days when central banks used to target monetary aggregates in order to attain price stability. Until the early 1990s, central banks thought the correlation between the money supply and inflation was strong enough for them to be able to define as their intermediate objectives some…

Share Repurchases – The silent QE4

Share Repurchases – The silent QE4

5 mins. to read

Every time I look at the chart below, I have mixed feelings and I am not sure which of them dominates. On one side, I am delighted with the spectacular rise in equities seen since 2009. In just six years, the market fully recovered from losses that pushed the S&P 500 back to its 1996…

The budget that won the tories the general election

The budget that won the tories the general election

2 mins. to read

Like anyone with a degree of pragmatism, I usually wait until the financial press have gathered all the data of the Budget before taking a view on what it has actually served up. Indeed, the usual situation is that unless you are a masochistic drinker or driver, it is best to avoid the whole event.…

Wednesday’s stock market report

Wednesday’s stock market report

8 mins. to read

The Markets In what may potentially be his final Budget Chancellor George Osborne delivered a generally well received set of tax changes and a raft of boosts for investors. Highlights of the speech included a further relaxation of pension rules from April next year, which will allow up to five million pensioners to swap their…

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