Plenty of doomish and gloomish headlines from which to pick this week and economically, although would that it weren’t, it’s all about the oil. The price goes up, the price goes down a bit, markets swing accordingly and the oil companies themselves get richer: Shell’s share price is up around 17%, with others similarly benefiting. Interest rates are ‘on hold’ with pressure to go up to control the resulting, inevitable price increases by supposedly ensuring that we can’t afford to buy so much of everything. If, as previously discussed, he manages an exit of some kind, gracious or otherwise, then the bounce-back will happen quickly. If you look at the one year charts, the dip is comparable to last year’s liberation day and the timescale similar. This time next week we could be telling a different story. If you’re an investor not a borrower, you certainly won’t be getting less on cash in the bank and if you’re happy to lock it up for a year or two, the rates are up still further. Hang on in there and your stocks and shares will go up and if you have some to invest, well, it could be rocky for a while but if you think long-term and put it in the right (ie well-spread and well-advised) funds you’re likely to do better than you might had you started last month. I’d say.
Budget Rumours and Possibilities
The Budget Rumour Machine is not the shambles it was last year. Before Rachel’s Swansong all sorts of stuff was leaked to see what sort of puddle it would create.
