News: 17 April 2023
Anyway, it is arrant nonsense to suggest that a market which has risen 20% is a ‘bull market”, while one that has gained a mere 19.4% is not. It is what I might paraphrase to be gobbledy.
News: 11 April 2023
Othello was done for by the fragility of his outsized ego. Investors, in contrast, tend to be fooled by the false security of the herd. If everyone is doing it, then it must be right, mustn’t it? Well…
News: 27 March 2023
News: 20 March 2023
This is the first full budget in 18 months when two chancellors – Nadhim Zahawi and Kwasi Kwarteng came and went. It is worth remembering some of the key decisions were already announced in the Autumn statement – for example benefits and state pensions increasing by 10.1% from April 2023.
News: 13 March 2023
With that run spiralling out of control and cries for help to shore up the balance sheet falling on deaf ears, SVB quickly became the biggest bank failure since 2008. With Signature Bank, a crypto-focused lender, also going under worries about contagion started to spread.
News: 23 January 2023
To have a genuine worth, an asset must produce either a flow of cash, or have a utility. Or at least, the promise of one or the other. Digital coins, most notably bitcoin, do quite the opposite. They are a means of transferring cash from those operating the so-called mines to the electricity suppliers for their banks of megacomputers.
News: 09 January 2023
2023 is different. Brent crude oil was $120/bbl, it is now around $80. European natural gas was €340/mwh, it is now €70. Sterling was less than US$1.10, this morning it is over $1.20. Those tailwinds, unlike the stream of Atlantic depressions coming over Cornwall, look to have run out of puff.
News: 03 January 2023
The first week of the month is always the busiest for economic data releases. These culminate on Friday, with the US non-farm payrolls: the latest update to the employment situation in the United States. The data is expected to show that the States added another 200,000 jobs in December.
News: 08 December 2022
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