Category Archives: Depression

Investment markets – Update on equity markets

I’ve just wasted 4 and a half hours of my professional life.  And £15.80. The latter was the cost of a return train ticket to get to a conference on investing.  The former was the time travelling and the 10% … Continue reading

Posted in Asset allocation, Depression, Investing, Shares | Tagged , , , , , | 2 Comments

#TurningJapanese

A theme I have written of many times, during the last few years, is how we, in the West, may be #turningjapanese.  What this refers to is Japan’s lost TWO decades between 1989 and 2012 when Japan had Deflation and … Continue reading

Posted in Asset allocation, Depression, House prices, Investing, Japan, ZIRP | Tagged ,

#Carneyge on UK house market

BANK OF ENGLAND FINANCIAL POLICY COMMITTEE TO CAP BULK OF HIGH LOAN-TO-INCOME MORTGAGES AND TOUGHENS UNDERWRITING STANDARDS TO SET FROM OCTOBER LOAN TO INCOME RATIO AT 4.5 FOR 85 PCT OF NEW MORTGAGES TOUGHENS AFFORDABILITY TESTS FOR NEW HOME LOANS … Continue reading

Posted in Depression, House prices, Uncategorized | Tagged , , , | 7 Comments

Global and UK house prices

The charts below show global house prices in relation to local incomes and historic rents.  Some of the prices are shockingly high, relative to reasonable economic comparators. This first one, shows prices to incomes. To explain the chart, Italian house … Continue reading

Posted in Depression, House prices | Tagged , , | 29 Comments

ECB cuts Base Rate. So what?

I won’t bore you with the minutiae just a couple of details: BBC website The ECB has cut the Base Rate by the staggering amount of, er, 0.1% to 0.15%. Also, banks depositing funds at their Central Bank (the ECB) … Continue reading

Posted in Bail Ins, Depression, Investing, ZIRP | Tagged , , | 14 Comments