The other day I came across a very interesting and challenging research paper about the degree of investor sophistication and its implications on capital income inequality. While the paper attempts to explain the role of information and knowledge on investment attitudes and ultimately on capital income for varying levels of household income, it has quite…
It was David Coleman who got away with persistently and consistently saying rubbish on live sports broadcasts. For those too young to remember, he, rather like Parkinson, was one of those unremarkable individuals who won the TV jobs lottery in the early days and made a lot of money as a pioneer going nowhere in…
– The FTSE 100 closed the day at 6,072.47, an increase of 10.86 points. – The FTSE 250 rose by 80.63 points to finish at 16,763.65. – The FTSE All Share climbed by 8.22 points to 3,344.14. – The FTSE AIM All Share finished at 726.65, up by 1.39 points. Brokerage Numis (NUM) has said…
– The FTSE 100 closed the day at 6,061.61, an increase of 152.37 points. – The FTSE 250 rose by 240.53 points to finish at 16,683.02. – The FTSE All Share climbed by 75.46 points to 3,335.92. – The FTSE AIM All Share finished at 725.26, up by 4.82 points. The Eurozone dropped back into…
If you believe the last summer was tough to invest in the equities market, then just wait for the rest of the year and you’ll see how bad things can get! I don’t want to be the “Dr Gloom” of Master Investor, but I’m increasingly worried about the proportions the current distortions are taking, as…
– The FTSE 100 closed the day at 5,923.55, a decrease of 35.31 points. – The FTSE 250 fell by 151.40 points to finish at 16,462.76. – The FTSE All Share dropped by 21.24 points to 3,267.38. – The FTSE AIM All Share finished at 720.44, down by 6.28 points. Outsourcing specialist Mitie (MTO) said…
Central banks have been so fixated on fighting inflation that they have killed it completely. Now they have the reverse problem and need to find ways of generating it again. But, at a time when interest rates are already near zero, central banks need to jump into the unknown world of unconventional measures where quantitative…
– The FTSE 100 closed the day at 6,109.01, an increase of 147.52 points. – The FTSE 250 rose by 285.34 points to finish at 16,799.87. – The FTSE All Share climbed by 75.11 points to 3,361.43. – The FTSE AIM All Share finished at 732.87, up by 3.98 points. A report from Capital Economics has…
– The FTSE 100 closed the day at 5,961.49, a decrease of 70.75 points. – The FTSE 250 fell by 145.32 points to finish at 16,514.53. – The FTSE All Share dropped by 36.93 points to 3,286.32. – The FTSE AIM All Share finished at 728.89, down by 2.22 points. Budget retailer Poundland (PLND) said…
Bill Gross from Janus Capital (ex:PIMCO) has heavily criticised central banks for failing to foresee the consequences of conducting a zero interest rate policy (ZIRP) for too long. They’re destroying “the savings function of capitalism, which is a necessary and in fact a synchronous component of investment”, as “accustomed to Taylor Rules and Phillips Curves,…
