Newsletters
Quarterly Newsletter - Winter 2011
Whereas the Queen last year could enjoy her grandson’s wedding and her husband’s 90th birthday, investors had a torrid time and could call 2011 their own “annus horribilis”. With the exception of the US Dow Jones, which went up by 5.5%, every other major stock market index fell, the worst being the BRIC index which recorded a negative 24.8%! UK gilts were an exception (up 11%), the rise signifying...read more
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Quarterly Newsletter - Autumn 2011
When we wrote the last quarterly newsletter, we were witnessing a standoff between President Obama’s administration and the Republican-led Congress over raising the US debt ceiling. The three big credit rating agencies, Standard & Poor’s, Moody’s and Fitch signalled back in March that America was in danger of losing its cherished triple-A debt rating if agreement could not be reached or the sp...read more
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Quarterly Newsletter - Summer 2011
Since the beginning of the new millennium, the world has seen many natural disasters. We have witnessed cyclones, hurricanes, bushfires, volcanic eruptions, droughts and flooding. Two years ago we had the swine flu pandemic, and who could forget the many earthquakes all over the world that killed so many people. The death toll of the Boxing Day Tsunami of 2004 alone was reckoned to be in the regio...read more
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Quarterly Newsletter - Spring 2011
The events of first quarter of 2011 have been truly mind-blowing. We have witnessed uprisings and riots in North Africa and the Middle East which until recently would have been barely imaginable, Japan suffered an earthquake and a tsunami of biblical proportions and, nearer home, several member states of the EU continued to have financial problems that have been leading to a crisis which could yet...read more
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