Although lending to businesses is reaching record levels in the US, that should not be taken as evidence of strength in economic recovery, bankers are now warning privately “Much of the corporate lending is going to fund payouts to shareholders, finance acquisitions,...
Earnings – the lack of them – remain the biggest threat to American equities, whose recent strong growth has been driven by optimism and buy-backs rather than underlying profits, while the latter have come from cost-cutting, not growth in sales. “First-quarter...
Equity investors should ignore the “incessant din” of current news and focus on long-term secular trends, advises Morgan Stanley Wealth Management strategist Dan Skelly. Themes to Invest In Such trends “typically entail innovative or disruptive technologies, resource...
One of the more difficult decisions facing investors is what is going to happen to the euro. Not only for those of us who don’t regard it as our base currency. After all, the euro is the world’s most important currency after the dollar. If you fear the impact of a...
US President Barack Obama has indulged in another of the politicians’ crusades against foreign tax havens, which always conveniently ignore the smelly stuff on the politicians’ own doorsteps. Robin Mitchinson reports in his blog whydonttheylistentous that Obama’s...
