News

Market Update 4th September 2023

News: 07 September 2023

It has been a strange summer in a strange year. A former US president has been arrested and charged with 91 felony counts across 4 states. He self-declared his height and weight in line with Muhammed Ali in his prime. He’s a one-man crime wave, but there is an idea going round this might help him get re-elected in 2024.

Market Update 7th August

News: 08 August 2023

Higher interest rates themselves do not directly affect inflation. Rates have been increased because the Banks believe that this will lower economic growth, and therefore the demand for goods and services.

Market Update 31st July 2023

News: 31 July 2023

Then we have Mr Sunak’s assertion that in 2050, having achieved net zero, “a quarter of our domestic energy needs will still come from oil and gas.” It is not clear what he means by “domestic”.

Market Update 17th July 2023

News: 17 July 2023

Beyoncé has crept into economists’ interest more recently for reasons beyond her musical talents. Sweden’s recent high inflation spike was linked to (blamed on) Beyoncé’s tour appearances and the rise in hotel and restaurant prices around that time.

Market Update 3rd July 2023

News: 03 July 2023

If parts of the equity markets finished the quarter in good fettle, the opposite is true of the bond markets. The vigour with which many Central Bankers say they will attack inflation is spooking investors.

Market Update 26th June 2023

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.

Market Update 5th June 2023

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?

Market Update 30th May 2023

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%.

Market Update 22nd May 2023

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.

Market Update 15th May 2023

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.