Tag Archives: Economy

US Dollar and GB Pound update

First, a recap of what I said a month ago.  Full post here. 4 August 2014: “So, the US $ is to collapse, so say the inflationistas, the gold bugs, the Anderson shelter types etc. Yet the $ index, against … Continue reading

Posted in Asset allocation, Currencies, Investing | 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

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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UK Budget AKA Re-election broadcast

Talking w/ @SimonLederman @BBCLondon949 c 10.15pm 2nite re Budget AKA Re-election broadcast @MelPolydorou — Jonathan Davis (@J0nathanDavis) March 19, 2014 I wrote this last year: 2013 Budget, March 2013 You might spend 2 minutes looking at it.  You might notice … 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