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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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
Sep 30, 20183 min read
Reducing Equity Targets
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Last year we...
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Peter Elston
Jul 31, 20183 min read
It’s Different this Time. Really?
Just before the 1929 Wall Street crash, celebrated Yale economist Irving Fisher claimed that the stock market had reached “a permanently...
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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
Aug 31, 20163 min read
An Interesting Essay by San Francisco Fed President, John Williams
Having written about secular stagnation and the natural rate of interest in my August letter, it was interesting to see San Francisco Fed...
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Peter Elston
Jul 31, 20163 min read
Secular Stagnation and the Natural Rate of Interest
One of the most interesting features of global financial markets over the last 20 years has been the inexorable decline in long-term real...
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Peter Elston
Jun 30, 20166 min read
Key Questions in the Aftermath of the Brexit Vote to Leave
There is much that can be written about the referendum result. Indeed, much already has been. I shall try to keep this simple and focus...
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Peter Elston
May 31, 20161 min read
Corporate Sector Indicators
Sales per share is often an interesting indicator to look at. Charts 6 and 7 below do just that, the first by geography and the second by...
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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 1, 20104 min read
Export Drive
During his state of the Union address President Obama pledged to double Americas exports over the next five years, precisely the strategy...
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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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