On Target 2020.12.05
In this issue:: China’s future, Chinese credit markets, Greece, Indonesia, Investment advice, Pandemic winners and losers, World economy, Copper
In this issue:: China’s future, Chinese credit markets, Greece, Indonesia, Investment advice, Pandemic winners and losers, World economy, Copper
You cannot avoid risk entirely, nor should you – it’s the price you pay for the prospect of higher returns. Equities generally deliver higher total returns over the long term than bonds because they’re riskier.
We all know that central banks have been flooding the world with money on a mind-boggling scale. Over the 15 years to 2018 they “printed” electronically about $22 trillion to buy government bonds and other securities. And they’re persisting with this unconventional bubble-inflating policy.
Brexit – Britain’s departure from membership of the 28-nation European Union – appears to be about to happen after 3½ turbulent years of preparation and political drama. It’s set to occur at Halloween, the day of the ancient Festival of the Dead… October 31.
Last month I reported the forecast by precious metals specialist Incrementum that if the gold price made an upside breakout beyond $1,360/80 an ounce – a key chart resistance level – then a price of $1,800 would seem to be within reach in the medium term.
History has been marked by periodic arms races – competitive rapid increases by rival states in peacetime in the quantity or quality of instruments of military power.
In managing our lives, and in particular our money, we make mistakes because we’re humans, not machines or pieces of code. They’re mistakes rooted in the ways we behave. Increasingly those ways are explained by scientists in the field of what is known as behavioural finance.
In this issue: Shares outlook, Europe’s problems, Buying property, Buybacks, Zweig’s checklist, China, Waste recycling, EU and US.
Our Diamond Wedding, which Liz and I have just commemorated, got me thinking about what are the factors that make for a happy marriage… in this case for 60 years.