What happens to the US economy matters, particularly to your investments, because it is still the world’s largest and most influential stock market in every respect. And what happens to US stock market depends, in many of those respects, on interest rates and the view of the Fed, their so-to-speak Bank of England, on whether and when they will be cut again. As there’s an election coming up (you may have heard), they’re unlikely to cut rates more until it’s over. Talk of a ‘soft landing’, however, is good news and means, I’d say, that there will be no panic in stock markets whoever wins, and that when they are cut again, as they will be, both there and here and elsewhere we should see another general move north, as those in the know would say. So keep the faith.
Should Financial Education be as important as Sex Education?
We’ve talked before about the ‘Hotel des Parents’, where many are having stay well into their thirties, until incomes finally catch up with house prices and they can step onto the ladder and become first-time buyers.
