This secretive central bankers' meeting could have serious implications for your finances...

This secretive central bankers' meeting could have serious implications for your finances... By Victor Hill Every year in late summer the secretive priestly caste that is the world's central bankers meets in conclave at the Wyoming mountain resort of Jackson Hole. It's an inconsequential place really – just an upscale mountain cum fishing resort set in a verdant valley between the jagged peaks of the Teton Mountains and the Ventre Range. A place where fine minds can re-boot on pure mountain air in sympathetic company. Technically, the Annual Economic Policy Symposium has been hosted since 1982 by the Federal Reserve Bank of Kansas City (one of the USA's 12 Federal Reserve Banks); but in practice the Chairman (sorry, Chairperson) of the US Federal Reserve, currently Janet Yellen, is the focus of attention. Why Jackson Hole? Apparently, former Chairman of the Fed Paul Volcker (1979-87) was keen on fly-fishing. Central bankers, who are un-elected and who conduct their dark arts with much less scrutiny than mere politicians, manage the media carefully. The real business of Jackson Hole, as indeed that of Davos and of the Bilderberg Club, takes place sotto voce over good brandy late at night. The speeches and press releases are assiduously massaged to avoid controversy or anything that might phase the markets. Of course, as a freemasonry, any vestige of dissent is suppressed – the general impression left after all the textual analysis is done, is one of the unanimity of the wise… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,745.97, a decrease of 35.54 points. The FTSE 250 rose 116.86 points to finish at 17,849.63. The FTSE All Share dropped 11.71 points to finish at 3,685.63. The FTSE AIM All Share finished at 790.61, down by 0.71 points. Recruitment specialist Hays (HAS) reported net fee income of £810.3 million for the year ended 30th June, with a 15% improvement in Continental Europe and the Rest of the World driving results while fees in the UK and Ireland stagnated. Profits before tax climbed by 11% to £173 million as operating margins and profits improved in all regions. Shares in Hays fell by 0.50p to 130.10p. Get our August issue while it's hot! Click HERE to read. Safestore (SAFE) said that it expects adjusted profits for the current financial year to be slightly ahead of current forecasts despite a slight slowdown during the third quarter. Revenues for the financial year to date are 10% above those in the prior period on a like-for-like basis and occupancy continues to improve across the firm's sites. Safestore shares rose by 4.75% to 390p. Shares in AIM-listed genetic editing outfit Horizon Discovery (HZD) climbed by 5.6% to 168p after the company announced that it had agreed a strategic co-development partnership for reference standards. Horizon would be commissioned by Ventana to develop certain cell lines and would retain the primary commercial responsibilities once development was complete. Management said that a number of projects are already underway and there is the potential for generating a number of new revenue streams. Tomorrow's news today Fyffes (FFY) will release interim results. Quote of the day "A trillion here, a trillion there and pretty soon you're talking about real money." - Dan Hannan Latest Stories Chart of the Day: Berkeley Group By Zak Mir The occasion for looking at the charting position of Berkeley Group is the demotion of the housebuilder from the FTSE 100. Normally, this is portrayed in the financial media as being a negative for a stock, but this may not be the case here… Click Here To Read The Full Story Can factor investing deliver alpha? By Filipe R Costa One recent addiction to the already huge portfolio of investment possibilities is factor investing, which aims at revolutionising the way we invest. Until today, investors have been allocating the money in their portfolios into several asset classes… Click Here To Read The Full Story The Evil Diaries: "Credit where it is due" By Evil Knievil Credit where it is due: as readers know I have this last two years been enraged by the idiocy provided by Charles Stanley. But yesterday the chap who attends to the affairs of Family Cawkwell (a generally thankless task) telephoned to remark that my late mother-in-law's account had been credited with c. £24,000… Click Here To Read The Full Story IAG hits some Brexit turbulence By Robert Sutherland Smith IAG at 392p, after the first-half figures, looks very cheap in cash and operating cash flow terms, which also makes the prospective estimated dividend yield of 5 per cent look credible and safe. The price remains below the price on Brexit referendum day... Click Here To Read The Full Story Chart of the Day: Hague & London Oil By Zak Mir Rather interestingly, even for those late to the recent share price rise at Hague & London Oil, there would appear to be an opportunity to get on board in the wake of the recent consolidation and news. Hague & London Oil (HNL)… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. 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