Tag Archives: deflation

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 ,

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

Inflation? MEH! Rising Interest Rates? MEH!

I wrote, here 2 weeks ago, how Government Bond yields have been falling and look as if they will continue to do so.  This suggests the Bond markets forecast, at least, falling inflation and, possibly, outright deflation. Why might they … Continue reading

Posted in Uncategorized | Tagged , , | 2 Comments

Interest rates are NOT rising!!!

Back in December our firm noted that ‘everyone’ was saying interest rates would soon rise.  After all, they said, The Governor of the Bank of England and the Federal Reserve of the US had all but announced it. We also … Continue reading

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Big picture long term change from AEI > RPI to AEI < RPI

There are many reasons why the evidence is building that we, in the West, may be #TurningJapanese (it’s a Twitterese I coined). Japan experienced deflation for over 20 years, had a generational depression and stocks and property fell 80%, from … Continue reading

Posted in Uncategorized | Tagged , | 26 Comments