On Target 2020.06.20
The pandemic hit us without warning and more seriously than any of us could have imagined. It has destroyed some of us financially, damaged most of us, and raised big questions for all of us about our futures.
The pandemic hit us without warning and more seriously than any of us could have imagined. It has destroyed some of us financially, damaged most of us, and raised big questions for all of us about our futures.
In this issue: Stock markets, After the virus, Lockdowns, Crazy forecasts, Profits outlook, Equity income, Inflation, Value strategies.
The lockdowns imposed by governments as their response to the Covid-19 pandemic have plunged the global economy into its sharpest downturn since the Thirties. What happens next?
Black swan events – major shocks that come without warning – are always the most difficult for investors to handle, as they haven’t been able to take pre-emptive actions, or even do any preparatory planning.
Nearly a year ago I had a nasty surprise when my annual medical check alerted me to a blood sugar rating that warned I was heading towards diabetes, a particularly nasty affliction.
Britain exits from the European Union today. It leaves what is by far the world’s most important community of sovereign states, with an economy roughly the same size as America’s, to adjust to the loss of one of its key member-nations – one that is both a major economy and a nuclear-armed military power.
It now seems almost certain that Brexit will happen on the last day of this month. What happens afterwards? Britain will no longer be a member of the European Union, but in terms of the Brexit agreement it will remain within its customs union, temporarily, just as if it’s still a member of the EU. That’s to allow time to negotiate a new trade relationship between the UK and Europe.
For most people, pensions are a boring subject. It’s a long-term problem – complicated, seemingly beyond the understanding even of the financially sophisticated, and beyond anything we can do about it. We think. Until it hits us personally. When it’s too late to deal with.
Investment markets are unusually confusing. On the one hand, there’s a lot to worry about. But on the other hand, there’s no panic. Investors generally seem willing to hang on, believing that the slowdown we’re experiencing won’t get anything worse than a mild recession…
In this issue: Safety & privacy, Modern warfare, Money printing, Rules for investment success, Vietnam, Socialism in America, Gold, Offshore wind.