We are entering the first stages of stagflation where we suffer from lower growth and higher inflation. Stagflation or recession Neither are good for either your wealth or your health. We are currently seeing slowing growth and higher inflation, a bad combo if there ever was. The question that remains is whether we remain in … Read more
What do we learn from having our own energy policy? Being reliant on other countries, some of whom are run by very bad dudes, is a self defeating policy for many industrialised democracies. America’s decline as a world power could be linked to it’s self flagellation at the altar of alternative energy. When you elect … Read more
The Fed’s reluctance to acknowledge the threat of inflation early enough has led them to ratchet up rates in an aggressive manner unseen for over thirty years. Their move to raise rates by 75 basis points has led many to question whether Powell will tip the US into recession this year rather than the oft … Read more
Ross Gerber seems to think that higher rates, higher inflation and higher pay will lead to higher growth for the US economy and for the country. Perhaps he’s been keeping company with Hunter Biden. Whatever he’s on, I’d like some of it. A chorus of of banks are busily forecasting recession by next year … Read more
Does a bad bitcoin price equal a poor Nasdaq? Is there a tertiary link between the price of bitcoin and the performance of the Nasdaq Composite? I only ask the question as the six months charts of both look remarkably similar as my devoted readers can see from the charts below. Some purists might … Read more
Have we seen the end of those Utopian days when every investor bought the dips, knowing their backs were always going to be covered by the Fed and other central bankers with the promise of more QE and continuing low rates? Is the end nigh for the longest bull market of all time, predicated on … Read more
The Fed appears to be ready to raise the Fed Funds rate by 75 basis points this coming Wednesday if market rumours are to be believed. The question that has to be asked that if those loose lipped members of the FOMC have leaked enough of this going forward into the announcement to ameliorate the … Read more
It’s the three Rs, silly! What are investors really worried about? Yes, it’s the three Rs, and that’s not reading, writing and arithmetic. It’s Russia, recession and rates. Following a recent plethora of semi apocalyptical warnings from the great and the good on Wall Street and also a warning from Elon Musk Tesla CEO that … Read more