On Target 2020.10.10
Things are really looking good for investors. Wall Street has been setting new all-time highs, which have been followed by a significant correction – not a negative development but a positive one.
Things are really looking good for investors. Wall Street has been setting new all-time highs, which have been followed by a significant correction – not a negative development but a positive one.
The price of gold has surged past $2,000 an ounce and hit a new all-time high. It’s being driven by demand from investors fearful that the avalanche of stimulus by governments and central banks to fight the Covid-19 pandemic, debasing paper currencies, may ignite inflation.
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.
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?
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.
In this issue: Safety & privacy, Modern warfare, Money printing, Rules for investment success, Vietnam, Socialism in America, Gold, Offshore wind.
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.