The liquidity tide of ultra-low interest rates and asset buying (aka quantitative easing) reached its peak for this cycle a short while ago and has started to turn as western central banks begin to react to the rising inflation data. … More
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The barrage of ultra-low interest rates and asset buying (aka quantitative easing) peaked a short while ago and has started to turn as western central banks begin to react to the high inflation data. This is important as ultra-low interest … More
The unprovoked Russian invasion of Ukraine is a watershed moment. The Rubicon has been crossed and the west’s relationship with Putin’s Russia is now unambiguously and aggressively hostile. The economic sanctions imposed on Russia will not, in our view, be … More
Despite the COVID-19 pandemic and the volatility of asset prices associated with it, 2021 turned out to be the third year in a row of good equity returns. Since the virus escaped China, economies and asset prices have been supported … More
Mythbusters In today’s world of social media and the web, it’s often hard to separate the facts from the fiction. Just because we hear something often doesn’t necessarily make it true. For example, have you ever heard a goldfish only … More
With global equity indices pushing on to new highs and the spread between corporate and government debt yields very tight relative to history, investors clearly believe in a near perfect recovery in economic and investment terms. The consensus, currently, is … More
With global equity indices pushing on to new highs and the spread between corporate and government debt yields very tight relative to history, investors clearly believe in a near perfect recovery in economic and investment terms. The current consensus is … More
With vaccine roll outs gathering pace, lockdowns easing and continued financial stimulus promised, it is understandable that the consensus now anticipates a strong recovery in demand and activity as the year progresses. As a result, year to date ‘safe haven’ … More
With vaccine roll outs gathering pace, lockdowns easing and continued monetary and fiscal stimulus promised, it is understandable that the consensus now anticipates a strong recovery in demand and activity as the year progresses. As a result, during the first … More
Rishi Sunak delivered his second Budget on 3 March 2021. Here are the main points to digest: Furlough Scheme The furlough scheme and self-employed grants have been extended until the end of September. The furlough scheme currently pays … More
Markets continued to push higher during the final months of 2020 as positive vaccine trials were announced and investors started to believe that the rollout of vaccinations in 2021 would return the global economy back to something approaching normality. As … More
Markets continued to push higher during the final quarter of 2020 as positive vaccine trials were announced and investors started to believe that the vaccinations in 2021 would return the global economy back to something approaching normality. A global economic … More