Recent Posts

China-US trade tensions becoming more ominous

Donald Trump sold himself to the American public as an expert deal-maker. At the top of his list was a promised trade bargain with China that would boost US exports and remedy some of the more egregious exa-mples of discrimination against American firms. It isn’t working as planned. To the contrary: The ensuing trade war between the United States and ...

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UK firms trapped paying high dividends

Reality is beginning to bite in the FTSE 100 as some high-yielding stocks give up on generous dividends. But many British companies are still continuing to offer jaw-dropping payouts when what investors really crave is growth. The dividend culture of the FTSE 100 has long been an oddity. Its investors have received a far higher proportion of their total returns ...

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Bitcoin and gold are two monuments to irrationality

With worries about a currency war growing and bond yields collapsing, investors have reached for their usual haven of gold. Only this time it has a friend (as my colleague Tim Culpan wrote): Bitcoin. Gold’s dollar price has risen 7 percent this month, Bitcoin’s by 18 percent. This apparent use of the two commodities as companion ports in a storm ...

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