The Cycle That Triggers a Financial Crisis

Recessions often come from excess. They tend to be preceded by periods when growth is very strong and widely expected to remain so for the foreseeable future. Thereafter speculative excesses develop which are fuelled by rapidly rising debt....

The Few Investors Along for the Ride

"Well alas we've seen it all before, Knights in armour, days of yore, The same old fears and the same old crimes, We haven't changed since ancient times." - Mark Knopfler,Iron Hand Markets climb walls of worry, folks....

Don’t let gloomy forecasts cloud your investment plans

‘January, you start the year off fine’– Neil Sedaka ‘Fear is an emotion not a stockmarket indicator’– Coreen T Sol ‘The only function of economic forecasting is to make astrology look respectable’J K Galbraith My ageing memory had...

The Fortune Deity Cometh

The lunar New Year is imminent and Hong Kong is basking in the soft winter sunshine. And if you can ignore the dire air quality it is an ideal place to enjoy the early part of the year...

If This is the End of the World, Then I Feel Fine

What do you think is the scariest financial conclusion we can come to during periods like the last quarter of 2018? Maybe it’s that theme that Michael Stipe of REM sang into a catchphrase: “It’s the end of...

New fear greetings

“During my 87 years I have witnessed a whole succession of technological revolutions but none of them has done away with the need for character in the individual, or the ability to think for yourself” Bernard Baruch “There...

When This Little Piggy Went to Market…

For those staring off into space just now, 2018 was “The Year of the Dog” in the Chinese Zodiac; a fitting designation if you had your capital anywhere but under your mattress. And with 2019 ordained as “The...

The Hidden Economic China Syndrome

My hunch is that we’ll get a good number of negative reactions about the corporate earnings season during the eight-week, Q4 reporting period. Why? Well, because that’s what always happens. Meanwhile, dividends keep rising, rates are falling again...

How People Act With Money

As 2019 unfolds, the media and market chatter will be spread across a number of assumed risks, including: The endless number of ways Trump will do wrong by us The impact of the US Government shutdown The myriad...

Ignore the cold and take a dip - dividends will keep you warm

Despite volatile conditions, Britain’s 10 biggest businesses offer an average yield of 5%. Investors should consider taking the plunge. Dreams of capital gains can disappear in a puff of smoke but the discipline of dividends or investing for...