John Maynard Keynes said that in an economic downturn, people should collectively spend more to avoid a deeper recession. But he also admitted that they, instinctively, tend to do the opposite and instead save more. We must avoid falling victim to the paradox of thrift.
Donald Trump has tested positive for COVID-19, and the US election is about to happen. What should investors do?
Our job as investors is to try and identify those last-man-standing companies. To do that, we need to dig into their balance sheets and cash flow statements because cash is king.
A vaccine is not a fancy motorised scooter or a piece of operating software where a minimum viable product or MVP will do. This is not something that can be fixed on the fly after it has been injected into millions.
US Federal Reserve is aiming to boost average inflation above a 2% target, whilst keeping interest rates ultra-low for years to boost employment. The two key words are “average” and “target”.
Speculation is most dangerous when it looks easiest. There is plenty that can go wrong.
It will be a long time before things will return to normal, if that is even possible. But that doesn’t mean that our lives will have to come to a standstill.
We will never be 100% right. But it is always better to be roughly right than to be totally wrong.
The global economy is like a four-engine plane. But as with the plane, when each engine loses power, we can expect economic growth to slow.
Whenever Warren Buffett underperforms the market, there are plenty of people out there who love to take a pop at him. But he is used to it.
Should there ever be a trade-off between the economic health of a country and the health and well-being of its citizens?
It doesn’t look good, at all. In fact, it looks downright dire according to the latest global economic report from the International Monetary Fund.
If the performance of the stock market over the last few of months is any guide, then this nightmare of a pandemic could be over quite soon.
We humans are an impatient bunch. We demand instant gratification for just about everything that we do. Instant coffee, instant noodles, instant quick frozen, etc …
In just a handful of words, the UK government has done more for the people of Hong Kong than the…
Check if they’re still worth pursuing as a stream of reliable income.
If the astonishing rebound of stock markets is anything to go by, then it probably means that we are well on our way to a recovery. It is almost as though the pandemic had never happened.
Did you notice how China very cleverly deflected attention away from the dire state of its own economy by getting everyone to focus on what it plans to do in Hong Kong?
Stock markets around the world are rising and falling faster than my home-cooked souffles.
If Laurel & Hardy were around today, Oliver might say to Stanley: “Well, here’s another fine mess you’ve gotten me into”.
