Harken ye back to 1980. Remember how high interest rates were then? 16% in the UK, a bit higher stateside. Back then lots of folks would have said that Cash Deposits and Bonds were a nice proposition for cautious investors. Well, here’s what the total returns look like from 1980 to the present…
Record-breaking markets have incited a chorus of “market top” town criers into pitch, singing “Beelzebub has a devil put aside for…the Dow Jones, Nasdaq, S&P and FTSE, FTSE, FTSEEEEEEE……..”
The banks must be loving this. According to the US Government’s consumer watchdog, the Consumer Financial Protection Bureau (CFPB), Americans were hit with about $15 billion in overdraft protection and other fees in 2016. That works out to an average of $450 (£342) per account.
Will the ubiquitous powers of Brexit never cease? How many alleged tragedies must unfold across our broadsheets and tabloids in its name before the thing actually begins? And will we ever recover from this hacking, wheezing, runny-nosed man-flu of Euro-separation anxiety?