Globalisation has come a long way fast, and many of the factors driving local inflation are now global in nature. Where it goes from here is key factor in financial planning. Edward Smith, our head of asset allocation research, provides some insights.
The popular view is that as populations age around the globe, the world will go the way of Japan – into deflation. But some things – like spending – don’t slow with age, and the opposite could happen, as our head of asset allocation research Edward Smith explains.
It is well known that Britain led the Industrial Revolution. Less appreciated is the fact that it was also at the vanguard of what has been called the “de-industrial revolution”.
Investors today are paying a relatively high price for domestically focused UK companies compared with their multinational peers, which seems counter-intuitive given Brexit uncertainty. For investors, this divergence is creating both opportunities and challenges, which are the focus of our lead article “Digging below the surface of UK indices".
This year marks the hundredth anniversary of the Russian Revolution. The communist uprising of 1917 was neither the first nor the last time that the country faced a chance to embrace freedom, yet on each occasion the opportunity has been lost. Are there any grounds to expect genuine change in the future or is the Russian psyche somehow inherently averse to democracy as we know it?
Some £1.2 billion is lost to investment scams every year in the UK. Contrary to popular perception, it is not just the elderly who are susceptible. Experienced investors are often targeted, and the embarrassment of those who fall victim is key to the fact that only 10% of such crimes are reported. We offer some useful warnings and advice.
For the second time in its short but eventful history, the US technology sector has been booming. Will there be another bust? We think growth in the sector is here to stay, but vigilance is required as some valuations start to defy gravity.
Quantitative easing and low interest rates may have helped restore economic stability, but they have failed to deliver meaningful growth. A growing number of economists and policymakers are blaming demographics — we are having too few babies and living too long.