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Many Happy Returns

It’s that time of the year when the talking heads of television and the prognosticators of print issue their sage outlooks for the coming 12 months. While this crystal ball gazing is always entertaining, it becomes even more so a year later. In journalism, this is known as the ‘silly season’. Lots of people are […]

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The Cost of Safety

Investors are now so risk averse they are willing to pay the German government to look after their money; not a risk-free return, but a return-free risk. Yields on two-year German notes sank to an all-time low of -0.005% on 1 June 2012. Looked at another way, anxious investors were prepared to accept a negative […]

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Sharing the Wealth: The Case for Equities

Quiz Question: What do these companies have in common – Whitbread of the United Kingdom, Molson Coors of North America, Qantas of Australia, Honda of Japan and Adidas of Germany? Yes, they all deliver consumer products and services. Whitbread is in hospitality, Molson-Coors is in brewing, Qantas is in airline transportation, Honda is in automotive […]

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