News: 26 June 2023
So let me come to the Bank of England and the Federal Reserve. Readers will know that I am not a great fan of the incumbents; the words ‘asylum’ and ‘lunatics’ spring readily to mind.
News: 05 June 2023
Which is the egg and which the chicken? Were we all tight-fisted fusspots all along, or did the supermarkets make us this by fighting over each other to give us an ever-wider range of ever-cheaper stuff that we don’t actually need?
News: 30 May 2023
Last week’s inflation update here in the UK was miserable. Confounding hopes of a sharp drop in the annual rate, the ONS’ latest calculation showed prices rising by an annual 8.7%. More alarmingly, the so-called ‘core’ inflation rate rose sharply to 6.8%.
News: 22 May 2023
It would be very easy to be very harsh on the water companies. References to prioritising dividends and executive pay over customers come easily. But before we all jump on the privatisation-is-wrong bandwagon, we might also surmise that the state of our water infrastructure might have been even worse under public ownership.
News: 15 May 2023
The markets think it has overdone it and are expecting rate cuts by the year end. The main US equity indices look as if they are holding up pretty well at the moment. There are smoke and mirrors at work here, though.
News: 26 April 2023
Type ‘can you write me a fairytale that would take me around 5 minutes to read to my children’ into the search bar and within seconds it will write one for you. ‘Design me a meal plan for a vegetarian consuming 2000kcals per day, excluding broccoli’ – it will immediately produce a meal plan right there and then, with no broccoli in sight.
News: 24 April 2023
The structures of the gardens were planted not on the basis of what will happen in the next three months, or year, or even five years. They were planted with an understanding that they could only be properly appreciated by distant generations.
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
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