It appears Mark Carney barely escaped writing a letter to Chancellor of the Exchequer Philip Hammond this week: UK inflation remained at 3.0% y/y in October, exactly one percentage point above the BoE’s target. Whilst we imagine Carney and his typewriter are breathing sighs of relief, headlines aren’t: Most observers still believe high inflation is
Over a year after the UK voted to leave the European Union, UK stocks are humming along, and the economy continues to grow. For investors, there is one obvious lesson: don’t overrate any widely discussed event’s potential market impact, and instead take popular narratives with a grain of salt. But there is also a secondary
Do stocks outperform bonds? The widely accepted answer is yes — and by a significant margin over the long term. However, one paper making the rounds in America recently challenged this conventional wisdom, arguing most stocks aren’t great investments because only a sliver of US stocks — fewer than 4% — have generated all of