We at Master Investor wish all of our readers a very merry Christmas and a happy New Year. We'd like to thank you for your support over the last year and we will start publishing our newsletter again on the 3rd of January.
Many people have been rather unkind to Mark Carney, Governor of the Bank of England, over the course of 2016. Though I was never amongst those who gracelessly suggested he should "go home". After all, I believe in closer ties between Britain and Canada.
But, along with many commentators, I think the UK base rate cut from 0.5 percent to 0.25 percent on 04 August in the wake of the Brexit referendum was entirely unjustified. It was a late manifestation of Project Fear. This move looks even more maladroit given the Fed's 0.25 percent rate hike on 14 December.
One of the most illuminating articles on monetary economics that I read this year was in these pages, written by my colleague, Felipe R. Costa. It is a challenging read for non-economists; but Felipe convincingly explained why all of the QE-style central bank interventions have been bound to fail in their ostensive objective of stimulating demand. Why? Because they increase the velocity of circulation of money in the financial sector.
by Zak Mir | Trading| 1 mins. to read It should be admitted that the Rockhopper Exploration (LON:RKH) journey has not exactly been a quick or easy one for its fans. However, at least from a charting perspective it may be that going into 2017 we are looking at a recovery situation.
by Filipe R Costa | Economics| 7 mins. to read Preparing for higher inflation and interest rates After so many years of extreme monetary policy, of public and private deleveraging, of very low (to negative) interest rates and yields, and of slow economic growth and subdued inflation, the world is changing at the hand of Donald Trump.
by Zak Mir | Trading | 1 mins. to read Stanley Gibbons (LON:SGI) was founded in 1856, but it would appear that the troubles at the stamp collecting group in the recent past have been worthy of a Dickensian novel.
With 2016 almost behind us and the Christmas holidays just around the corner, there will soon be plenty of time to spend with family but also to re-think your investment portfolio.
by Evil Knievil | Evil Diaries | 1 mins. to read MP Evans (LON:MPE) surprises me. It was always known that KLK would fail at the first acceptances stage with their 740p bid where the major shareholders (55%) had in mind perhaps 840p.
"That man must be a misanthrope indeed, in whose breast something like a jovial feeling is not roused - in whose mind some pleasant associations are not awakened - by the recurrence of Christmas." Charles Dickens
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