Searching for explanation where it really matters
Like a scene from the hit movie “Gone Girl”, PM May has been found to have been a political walking corpse all along. And Now she’s been “found”, what’s in store for the Brexit fiasco? Well having been handed her real P45 by her party ( remember when the prankster handed her a prank P45?) …
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Amongst all the “sky fell already” comments I read ubiquitously, I wondered is today a welcome timeout for reflection? Perhaps even thanks might be appropriate. So in this short note we try to give some perspective on the “collapse”, and with it draw a deep breath on what might go right in the next few …
Continue reading "Shock horror! – Stocks have gone nowhere (slowly) this year."
Investors are disillusioned with active investment. Once the staple of institutional and retail investment practice, active now has an awful image – one of high cost mediocre offerings. While the rot was initially confined to equity, it has started to seep into fixed income. Here we try to understand why, and offer a simple solution, …
Continue reading "Get Active – why Active is in such disarray and how to save it"
My ex-colleage and good friend Ken Leech often recounted that “the story of interest rates is the story of inflation”. Put differently, where inflation goes determines where interest rates go. Today, inflation is considered a mystery. Despite the trillions of dollars poured into the US, European and Japanese economies over the past ten years, inflation is …
Continue reading "Cracking the Genetic Code of Inflation – the future is “metallic gray”"
Inflated Opinions 