Deflation / Inflation? What’s next, what’s the answer and tales of the barbarous relic.

Last month we laid out the case for inflation but before we look at ways of insuring against such an outcome we need to accept that we are staring down a possible deflationary bust before we start seeing a general rise in prices. “Money that costs nothing is worth...

The View is back!

It’s been nearly 2 years since the last View from the Bridge but rumours of my demise are just that…rumours. All posts will be sent to Twitter – see sidebar details on the right of your screen to follow Or you can subscribe by email for the monthly “thought”...

The madness of crowds – 11th December 2017

“Howard Marks of Oaktree Capital, in his recent newsletter, summarised today’s investment environment brilliantly. He says there are four noteworthy things: current uncertainties are unusual in terms of number, scale, and insolubility; prospective returns are just about the lowest they have ever been; asset prices are high across the...

On the QT – 31st July 2017

It’s been a while and lots of ships have passed under the bridge, including an unnecessary election in the UK, the sacking of 12 White House staff members for various “misdemeanours” but mainly for disagreeing with he who must be obeyed, an interest rate rise in the US and...

Fed Up – February 18th 2017

If you were going to set up an organisation to help control and regulate the economy and the banking system how would you start? Would you employ over 1,000 Ivy League trained economists, many with PhDs, but little or no practical knowledge of running businesses? Would your board of...