dashboard

RSS

  • Posted in:

    How much does it cost to get married?

    Every year, some 220,000 marriages take place in the UK. This is a steadily declining figure; in the 70s, the number was in excess of 400,000, while the 40s saw as many as 500,000 ceremonies in some years. The trend isn’t linear but, broadly speaking, fewer and fewer people are getting married as the decades […]

    Read more

  • Posted in:

    US Macro Comment: Hard vs Soft

    What are we talking about? The AAT has been struck in recent weeks that macro data has been coming in a bit better than expected. It’s not great, but it’s not disastrous and we wondered if perhaps we were all worrying a bit too much. With that in mind, we built a couple of indices, […]

    Read more

  • Posted in:

    Policy Comment: Inflation Focus at Jackson Hole

    What are we talking about? Fed Chair Powell delivered his opening remarks at the annual Jackson Hole Economic Policy Symposium. Those remarks have been a significant topic of discussion for some weeks – would Powell be hawkish? dovish? nuanced? cautious? Jackson Hole, for those who care, is reputed to be one of the steepest ski […]

    Read more

  • Posted in:

    Macro Comment: The Case for a Soft Landing

    What are we talking about? We’ve been debating how likely it is that Central Banks will actually be able to pull off a soft landing – reduce inflation back to their target without putting the economy into a recession. Our starting view has been that it’s pretty tough, given how high inflation is in most […]

    Read more

  • Posted in:

    Macro Comment: What Wage Growth?

    What are we talking about? Earlier in the week, the UK Statistical Agency (ONS) released some wage data for the UK. The newspaper headlines focused on the sharp decline in real wages, ie after adjusting for inflation, and that’s particularly relevant given the latest inflation data. As the chart below shows, by some measures, real […]

    Read more

  • Posted in:

    Why we’re happy with our low UK exposure

    The outlook for the UK economy is fairly gloomy. A contraction of 0.1% in the second quarter of the year has deepend fears of a recession that may come sooner than some economists expected. Naturally, our clients want to know how this might affect their portfolios. Despite the less-than-ideal outlook, the FTSE 100 has performed […]

    Read more

  • Posted in:

    Portfolio Comment: Thinking About Equities

    What are we talking about? Recently we’ve been discussing the case for adding to equities – and the first “decent” inflation print out of the US has sharpened that discussion. With hindsight, of course, the correct answer was “June 16th”, but hindsight is a wonderful thing. Nonetheless, it’s worth revisiting where we are in our […]

    Read more