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Consequences Are Unavoidable


Consequences are unavoidable. Pension savers are crushed by interest rate repression and the changing demographics of Covid, while the deluge of debt fuelled by low rates does nothing for economic sustainability.
One of the things any investor must understand is that everything has consequences. There are always consequences. They are unavoidable. 13 years of monetary experimentation by central banks has profound consequences. For everybody.
A few days ago my colleague, Mike Hollings, CIO of Shard, and I put together a vlog on shifting market conditions. I’ve known Mike for decades, and we both agree it’s the consequences of the last 13 years of monetary distortion (since the beginning of the Global Financial Crisis that began in 2007) that present the greatest long-term challenges for markets. (You should be able to see some highlights of our chat in the latest Shard Lite-Bite video later today.) ....

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Why Hawke's Bay Airport made $1m loss - Covid 19 lockdown


Why Hawke s Bay Airport made $1m loss - Covid 19 lockdown
12 Feb, 2021 12:38 AM
3 minutes to read
In April 2020 there were just 149 passengers at Hawke s Bay Airport. Photo / File
Hawkes Bay Today
Hawke s Bay Airport has revealed a loss of $1 million for the year, as new numbers show just how badly Covid-19 s lockdown affected it.
An annual report presented to Hastings District Council on Thursday showed
the airport made a loss of $1.01m in the year to June 30, 2020. The year prior, it had made a $1.5m profit.
Hawke s Bay Airport Ltd (HBAL) is 24 per cent owned by Hastings District Council , 50 per cent by the Crown and 26 per cent by Napier City Council. ....

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When will the US stockmarket bubble burst?


Is the US stockmarket in “one of the great bubbles of financial history”? That is the opinion of Jeremy Grantham of asset manager GMO, who sees signs of mania everywhere from Tesla’s soaring share price to the surge in “blank cheque” companies, or special purpose acquisition companies (SPACs), says Jack Hough in Barron’s. 
The Great Crash of 2021? 
US stocks are more expensive than they were prior to the Wall Street crash of 1929 on a cyclically
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United States , United Kingdom , City Of , Eoin Treacy , James Mackintosh , Simon Nixon , Paul Mcnamara , Patrick Hosking , Wall Street , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , எயாய்ந் பொக்கிஷம் , ஜேம்ஸ் மேக்கிண்டோஷ் , சிமோன் நிக்சன் , பால் மக்நமர , பேட்ரிக் ஹாஸ்கிங் , சுவர் தெரு ,

After Nicola Sturgeon complaints BBC's Andrew Marr cleared again over bias


After Nicola Sturgeon complaints BBC s Andrew Marr cleared again over bias
The BBC has dismissed a fresh set of complaints of pro-UK government bias by Scots presenter Andrew Marr.
Nearly 200 complaints were made about the December 13 edition of The Andrew Marr Show - raising concerns that the presenter appeared to be defending the government over Brexit while interrupting former Labour leader Ed Milliband too much.
At one point the Glasgow-born journalist and author described as mealy mouthed Mr Milliband s comment that Labour would have to look at the detail of any trade deal with the EU before deciding to fully support it. ....

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