History repeats itself, first as tragedy, second as farce – Karl Marx. Originally referring to Napoleon, this nostrum is now being played out in the UK, as an increasingly forlorn-looking Theresa May struggles to keep her fractious party together. Neither sides of the Leave/Remain divide (or is that chasm?) appear either happy with the current situation nor willing to … [Read more...] about Brexit : Where to now for Irish investors?
We have covered this issue extensively (some might argue exhaustively), in recent times, but in the light of the move above the psychologically important (to some), 3% level in US 10-year bond yields it might be worth looking at the issue afresh, this time from a slightly broader perspective. The Fed continues to look to raise interest rates, reaching 1.75% last March, with … [Read more...] about Global Debt: the albatross around our necks
The debate over active versus passive appears to be still alive; 2017 saw a better year for active managers according to the latest SPIVA performance scorecard , though this comes against a backdrop of severe underperformance over both 5 and 15 year periods. In the latter instance, 92.33% of Large Cap, 94.8% of Mid-Cap and 95.7% of Small Cap fund managers managed to miss … [Read more...] about Why we don’t get Active
Crude Oil is an essential component of economic life- nearly everything that gets moved, does so using either oil directly or a derivative thereof; (until such time that Drones become more widespread). It is therefore a good indicator of economic growth, which investors will do well to watch. It has been quite a wild ride over the last 5 years. After a big fall from over $111 … [Read more...] about Oiling the Wheels
If one turns on the TV almost any time of day, one will see a litany of property related programmes, “Homes Under the Hammer” “Location, location, location “and countless others adorn our screens in an almost non-stop barrage of lifestyle envy. As of February 2016, Channel 4 had no less than 12 property shows on its screens and this is almost certainly below where we are now. … [Read more...] about The Housing Bubble goes Global