7 No Trumps – November 27th 2016

Playing bridge, backgammon or chess is not dissimilar to “playing” the markets. Every new hand, board or day brings something different; a new auction, a new gambit, a new strategy. However, in the world in which we find ourselves the markets have an unseemly edge; they are not always...

Are we there yet? September 11th 2016

Those of us with children will be used to this refrain as we turn out of the driveway on the way to destinations unknown. Equally we will smile when recalling that “les enfants terribles” were more than likely asleep when we did eventually get there. A perfect analogy for...

When? August 22nd 2016

When? “The art of financiering consists principally in multiplying and confusing accounts, till, at last, no one has courage to undertake an examination of them.” William Cobbett “The Budget” 1805 “I imagine that Ben Bernanke, Mario Draghi and Haruhiko Kuroda all stay awake at night imagining ways to force...

The end of the beginning – July 8th 2016

“We are continually faced by great opportunities brilliantly disguised as insoluble problems”. Lee Iacocca Having been in Spain for the last fortnight I count myself lucky to have been away from the gnashing and wailing; and let’s be clear that I am not talking about the footie, a competition that has...

A case for Brexit; the EU’s seven deadly sins

Whether your main interest is equality, liberty, democracy, economic survival, sovereignty, debt reduction, increased export potential, encouraging entrepreneurs, fiscal independence, social fairness, overpopulation, community mutualism or calling leaders to account, it has become abundantly clear since 2008 that you will have to forfeit every one of these aspirations if...