Folklore holds that the great stock market crash of October 1929 pushed the world into depression. There's some truth in that. Still, had the financial foundations in the United States and elsewhere been robust, the sharp sell-off in the market would likely have been bearable. But the fundamentals were shaky and all hell broke lose. Herein lies a lesson for investors pondering the potential impact of any future slump. Although an immediate crisis in financial markets may have been avoided with Trump's enforced and partial policy retreat on his one for all tariffs, the threat to US financial m...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week In the podcast this week, I talk first to Laura Elkin, the manager of AEW UK REIT (AEWU), the diversified commercial property investment trust which remains the only trust in its sector not to have cut its dividend through Covid and since launch. It is also the second-best performing commercia...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week More volatility in the equity markets this week, linked in part to the latest pronouncements from Donald Trump, this time centring on his thoughts about Jay Powell, the chairman of the Federal Reserve. Having criticised Powell heavily for not lowering interest rates and wishing him "terminated...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week As I suspected, oversold stock markets recovered in a short trading week after the dramatic moves of the previous week, with investment trusts sharing in the revival. The US equity markets were down while the UK had one of its best weeks for some time as investors rotated en masse out of US as...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week In the end, Donald Trump's grand global tariff plan survived its first contact with the financial markets (the sharp decline in equities that I noted last week) but not its second (with the bond and currency markets). Barely a week after it was first announced, the US President's bizarre and r...
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Although an immediate crisis in financial markets may have been avoided with Trump's enforced and partial policy retreat on his one for all tariffs, the threat to US financial markets remains, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant recent book, The Price of Time, about the folly of sustained low interest rates. An earlier version of this article first appeared on the online financial website, Reuters Breakingviews, and is reproduced with the author's permission.
Donald Trump ...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week No questioning what the biggest news of the week has been. Despite being well trailed in advance, Donald Trump's announcement of new and larger than expected tariffs on all its major trading partners sent the financial markets into a spin, with the US equity markets taking the biggest hit - a ...
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