Market Commentary 4th December 2023
News: 04 December 2023
News: 27 November 2023
The yen has fallen a lot since then. Looking back at the charts, it peaked around the time I was eating. Dinner tonight would be only about £260, not that I’m going back there obviously. It has fallen a further 16% in 2023.
News: 20 November 2023
Let’s start with the first i: Inheritance tax. Casting aside political or moral points, one can see the reasoning. It only raises about £7bn a year. Current consensus has the Chancellor with enough headroom to make £10-15bn of tax cuts or spending increases and still meet his targets on debt.
News: 13 November 2023
Inflation will be front and centre again this week with the US CPI release on Tuesday and the UK print on Wednesday. Consensus expectations are that the US headline number will come in at 3.3%.
News: 06 November 2023
This year has been all about pairs, two sets of pairs in particular – inflation and interest rates, and AI and the Magnificent 7. Today we focus on the latter pair. AI has been a hyped theme and will inevitably do great things for our society when it is used properly. We just have to get through some ups and downs first.
News: 30 October 2023
Whether it is governments or football teams, debt has become something of a dirty word, but is a key driver of economic growth. In the US, all categories of debt have increased markedly since 2008 in nominal terms but overall debt levels have stayed about the same as a percentage of GDP.
News: 03 October 2023
Monday 2nd October 2023. The start of a new week, a new month and a new quarter. It is a typically warm and dank autumnal morning here in Cornwall: one of those heavy mizzles that registers no rainfall, but which soaks everything. It is reassuringly familiar territory.