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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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
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
Jun 30, 20193 min read
A Confusing Time for Economists
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. The very rapid...
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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
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
Nov 1, 20164 min read
The Most Interesting Question in the World?
Here’s an interesting question: do the low or negative long-term real interest rates that prevail around the world signify a bleak...
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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
Aug 1, 20164 min read
Navigating a Low Growth Future
For savers, the combination of lower investment returns and rising longevity is a toxic combination. In days gone by one may have only...
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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
Jul 30, 20164 min read
Navigating a Low Growth World
While it is far from clear what its long term impact will be, Britain’s vote to leave the EU has shone a light on the growth problems in...
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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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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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