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inflation

February 25, 2013

Equity purchases made under duress produce a joyless stock market rally, where people are desperate to preserve their wealth, rather than cheer on recovery.

Six years ago, Zimbabwean shares were enjoying one of the greatest rallies the world has ever seen.

In the year to April 2007, the local stock market was up 12,000% as investors rushed to invest.

President Robert Mugabe was leading the country towards bankruptcy, after letting his war veterans seize farms owned by white farmers. Agriculture was in a state of collapse. Roads were crumbling. The rate of unemployment was 80%. Industry was bankrupt. Yet stocks defied reality.

January 15, 2013

In years gone by, central banks were supposed to be the guardians of monetary discipline – vigilant in protecting citizens against inflation and currency debasement. They were rarely known to smile.

In years gone by, central banks were supposed to be the guardians of monetary discipline – vigilant in protecting citizens against inflation and currency debasement. They were rarely known to smile.

Bankers used to quake every time the governor of the Bank of England twitched an eyebrow. Former Federal Reserve chairman Paul Volcker developed a fearsome reputation for taming inflation in the early 1980s.

But the times are changing to suit economic circumstances, as anxious politicians bend central bankers to their will.

June 8, 2011

Inflation is a hot topic right now, and the dilemma that family offices face is how to measure inflation rates, and how to assess the positive and negative impact of inflation on future wealth.

The majority of family offices use inflation-adjusted performance measures to assess their investment returns. Inflation is a hot topic right now, and the dilemma that offices face is how to measure inflation rates, and how to assess the positive and negative impact of inflation on future wealth.

October 26, 2009

Are you an inflation bear or bull? The global investment community can be roughly divided between those who see little real inflation risk – often pointing to the record level of excess capacity in world’s economies as measured by the “output gap” – and those who believe that although many regions are currently experiencing deflation, inflation will return with a vengeance.

Are you an inflation bear or bull? The global investment community can be roughly divided between those who see little real inflation risk – often pointing to the record level of excess capacity in world's economies as measured by the "output gap" – and those who believe that although many regions are currently experiencing deflation, inflation will return with a vengeance.

September 3, 2009

Family offices should invest in gold as a long-term safeguard against inflation, according to a leading investment manager.

Family offices should invest in gold as a long-term safeguard against inflation, according to a leading investment manager.
 

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