“History doesn’t repeat itself, but it does rhyme”, Mark Twain is alleged to have said and, reflecting on the history of financial markets and economics, it is hard to argue with the sentiment. Indeed it is to be hoped the previous post has demolished the notion that an unthinking allocation to “bonds” will automatically make …
Troubling Systemic Risk of investors favourite “Low Risk” Bond Investments Read More »
Since the 2008/9 GFC manyTrillions of Dollars, Euros, Pounds, Yen and Yuan have been created out of thin air to prop up a façade, a Potemkin Village if you like, of growth and prosperity, even as the many have often found life increasingly challenging, in the shadows of financial hyper-reality. Slowly reality has been stripping …
The press hullabaloo and, let’s be frank, widespread, schadenfreude over Neil Woodford fall from grace, as he was forced to “gate” his eponymous income fund has been nothing less than remarkable and almost as dramatic as the travails of the fictional antihero/Hedgie billionaire, Bobby Axelrod. Fascinatingly there is more in common occurring than meets the …
There is no denying it US shares have demonstrably provided a rather remarkable performance over the last decade, as the following chart, taking us back over 20 years, highlights: Click/Tap to Enlarge Looking back towards the end of 1998 the impact of the Russia/LTCM (Long Term Capital Management) crisis, which nearly brought down Wall Street …
Peak Irrational Exuberance ? Part 1: US Stock Markets out Boom the Tech Boom Read More »