When does a social media comment influence the market? Probably when Elon Musk, the CEO of Tesla posts a tweet So…what happened? Tesla buys Bitcoin with a reported $1.5 billion investment adding it to the company balance sheet. Elon Musk posts a tweet and Bitcoin surges even higher from itsRead More →
Is inflation becoming the real test of market durability in 2021? Inflation, during these times, is an unknown quantity, even an unspoken term from times past, something to talk about . But it may soon make a fresh appearance in world economies, and when it does, the fledgling world economicRead More →
Doom and gloom? The Organisation for Economic Co-operation and Development, (OECD), has warned that the effects of the pandemic will be far reaching and will likely hit the UK harder than other comparable major economies. As the OECD reports of a very slow and difficult recovery for the UK, weRead More →
Gold as a safe haven It is a well known fact that gold becomes a safe haven during uncertain times, and these are uncertain times. So it’s no surprise then that gold has increased in value during this period. At its highest in recent weeks, gold has reached: $1766 perRead More →
The Bank of England held rates at 0.1 per cent and offered no new stimulus measures in its asset purchase programme. Decline in consumer confidence Headline BoE announcement: 14% fall in UK GDP this year and unemployment at 8%. Biggest annual fall in GDP since 1706 The BoE said indicators ofRead More →
BoE decision After much media hype surrounding the ‘will they won’t they cut interest rate debate’, the Bank of England‘s Monetary Policy Committee – (MPC) decided Thursday 30th January 2020 to keep interest rates unchanged at 0.75% This is Mark Carney’s final rate call as the UK commences Brexit stageRead More →
Persoanal loans Personal borrowing through loans last month was 14% higher than in December 2018 according to data released by UK Finance. Credit cards Credit card spending climbed 7.3% over the year to £11.8 billion in December 2018. Borrowing on cards is currently growing at 2.4% a year. Residential mortgagesRead More →
FOMO or greed call it what you like Are investors pushing stocks up too high and too fast? Will this likely lead to a pullback once the number of buyers grinds to a halt! U.S. stocks have extended gains this year, especially in the fourth quarter and investors expect theRead More →
Last week the Washington based World Bank published its bi-annual Global Economic Prospectus. Debt accumulation They point out that over the last 50 years the world has seen 4 waves of debt accumulation and that the latest one, which started in 2010 was ‘’the largest, fastest and most broad-based increase’’Read More →
The Institute of International Finance recently reported that global debt has now hit $250 trillion. That’s an awful lot of debt. When you see the word ‘trillion’ written down as a word, it doesn’t really convey just how big that number really is. Just take a look at that number again forRead More →