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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
Jan 1, 20213 min read
Lessons From the Chimps
In a recent op-ed, IMF chief economist Gita Gopinath noted that: “For the first time, in 60% of the global economy – including 97% of...
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Peter Elston
Jul 31, 20203 min read
Pick Out Persistent Themes
To invoke US conglomerate Berkshire Hathaway’s vice chairman Charlie Munger: if investing is not thematic, what the hell is it? Here is...
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Peter Elston
May 31, 20204 min read
Gold is No Longer for Fools
As many will know from bitter experience, a crisis often has two stages. The first is the crisis itself, whether a natural disaster that...
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Peter Elston
Dec 1, 20193 min read
The Liquid Illiquid Solution
There is little doubt that low interest rates have been causing savers and investors difficulties in recent years. In decades past, not...
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Peter Elston
May 31, 20193 min read
An Unwelcome Comeback
In last month’s column I wrote about the yield curve – the difference between long-term and short-term interest rates – and how its...
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Peter Elston
Feb 1, 20198 min read
Is a Recession Imminent?
This month, I write about our funds’ current (tactical) asset allocation positioning in the context of my macro outlook and market views....
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Peter Elston
Feb 1, 20193 min read
The Road Ahead
Last month’s column was about predicting financial markets over the medium term. This month I thought it would be fun to look much...
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Peter Elston
Feb 1, 20195 min read
Was 2018 the Start of the Next Bear Market?
2018 was looking all fine and dandy up until the beginning of October. Equity markets, though having been driven by a small number of...
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Peter Elston
Sep 30, 20183 min read
Inflation Warning Flashes Red
Renowned economist Milton Friedman wrote: “Inflation is a disease, a dangerous and sometimes fatal disease, a disease that if not checked...
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Peter Elston
Jul 31, 20185 min read
Am I Right to Worry About Higher Inflation?
Am I right to worry about higher inflation? Followers of our funds and my writing will know that we have been reducing risk in...
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Peter Elston
Apr 30, 20185 min read
Secular Stagnation? Or the Optimistic View?
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Since the Great...
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Peter Elston
Dec 1, 20164 min read
Citywire Investment Committee No.2
As I write this Donald Trump has just been declared president and I congratulate him on playing a blinder of a hand. Let’s hope he can...
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Peter Elston
Nov 1, 20164 min read
US Election – a Dangerous Distraction
As I write this Donald Trump has just been declared president and I congratulate him on playing a blinder of a hand. Let’s hope he can...
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Peter Elston
Sep 30, 20166 min read
It’s Time to Do Something About High Wealth and Income Inequality
High wealth inequality is being increasingly cited as one of the main causes of the structurally lower growth that much of the world,...
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Peter Elston
Mar 31, 20164 min read
EM Growth Needs to Recover to Pre-Crisis Levels
The volume of opinion surrounding emerging markets can, at times, seem deafening. For simplicity’s sake, I will discuss just two key...
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Peter Elston
Mar 31, 20154 min read
Do Markets and Currencies Fare Better Under Labour or the Conservatives?
The world has known the date of the UK's general election for the last five years and, while it may cause some short-term volatility in...
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Where's My Cycle?
An update on where I think we are in the business cycle with respect to growth, inflation and markets
Correlation or causation?
Data is too often presented in an unfair, unclear and misleading way
Dear John
Liontrust's John Husselbee's arguments in support of balanced funds are lame
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