

All that glitters is (curerntly) gold - I cover the current attraction around Gold and question whether it has the potential to climb further. This content is part of our Premium Content stream and in order to read further, you need to subscribe. For more information...
All that glitters is (currently) Gold
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Where is PCL market?
We are now in the longest downturn in the prime London market since the 1988 – 1992 recession. The Savills index showed a decline then of 28% for flats and 16% for houses compared with a fall of 15% for flats and 13% for houses from 2014 until today. Our own...
Where is PCL market?

How far can interest rates rise? How far should interest rates rise?
I’ve just been listening to a radio interview with Mark Carney, governor of the Bank of England, in which he prevaricated endlessly about whether UK Bank Rate was going to rise. Not specifically in May, but at all. Since taking on the role in 2013, Bank Rate is...
How far can interest rates rise? How far should interest rates rise?

The spike in three month LIBOR is bad news for borrowers
I had projected a bloodbath in the US Treasury bond market since late 2016, when it was obvious that Trump’s tax reform would double the US budget deficit at the same time as the Federal Reserve prepared to ‘normalize’ or shrink its balance sheet by $470...
The spike in three month LIBOR is bad news for borrowers

Use monetary policy to solve the housing crisis
If there is one thing (apart from Brexit) that politicians in the UK acknowledge the need to do something about, it is housing. The average house price is now almost eight times the average salary, meaning even the smallest starter homes are well beyond the reach of...
Use monetary policy to solve the housing crisis