Hugh Hendry on de-dollarization
After his death, the military fought for control over the land Alexander had conquered and this, combined with the silver Alexander had brought from the Middle East, led to one of the first inflations in history.
It’s ironic that I had planned this column a couple days ago and started writing it yesterday…because the very concerns I talk about below are behind the overnight news that Fitch is lowering its long-term debt rating for US government bonds one notch to AA+. That matches S&P’s rating (Moody’s is still at Aaa).
Central banks set to kick off easing cycles as inflation cools
The current state of UK Government Debt as of 2023 is circa £2.5 trillion, which is 100% of GDP and equates to £38,000 per person.
Time to rethink fixed income portfolio
For institutional investors only
Louis Jouvet: "Tu ne me demandes pas ce que contient cette lettre ?"
Pupil: "Que contient cette lettre ?"
Louis Jouvet: "Dix fautes d’orthographe, quatre fautes de syntaxe, et une protestation !"
"You have a very pretty nice dress.
Björk: Oh, thank you.
Is this the correct order you wear it?
Björk: I hope not."
I feel like my old self again. Totally inadequate, completely insecure, paranoid, neurotic. It’s a pleasure!
