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Posts by Steve Wilson:

• Debt Crisis: Coming Soon To A Neighbourhood Near You

  17 May 2012 in Blog &Bonds &Featured &Fundamental Analysis &Monetary Policy
  At a recent investment conference in Miami Florida, David Stockman, the former budget director under President Reagan, pointed out that the on, and off balance sheet liabilities of the US government are somewhere between $75 and $80 trillion. He also talked about the fact that private savings in the US have increased to around $500 ... Read article

• The Beginning Of The End For Greece’s Membership Of The Euro

  14 May 2012 in Blog &Bonds &Currencies &Featured &Forex &Fundamental Analysis &Monetary Policy &News
  The results of the Greek election have once again raised the possibility of a Greek exit from the Eurozone. In fact, many market commentators (myself included) now think a Greek exit inevitable. If Greece ends up with an anti-austerity government it seems inevitable that the Troika, that is the European Commission (EC), the International Monetary ... Read article

• In Terms Of Debt Britain Is Not Far Behind Greece

  11 May 2012 in Blog &Featured &Fundamental Analysis &News
  The latest statistical release from the Office for National Statistics (ONS), reports that Britain’s public sector debt at the end of March 2012 was £1022.5 billion or 66% of GDP. However, if the financial sector interventions (e.g. the bailouts of Lloyds, RBS etc.) are included, then our total public sector debt was £2181.0 billion or ... Read article

• The Pound Continues To Benefit From The Eurozone Crisis Reaching A 3.5 Year High Against The Euro

  09 May 2012 in Blog &Currencies &Featured &Monetary Policy &News
  The British Pound has continued to benefit from the escalating crisis in the Eurozone reaching the highest level against the single currency in more than 3.5 years. Sterling has risen against the Euro to levels not seen since November 2008 after elections in France and Greece at the weekend cast doubt on the viability of ... Read article

• Central Banks See Gold As A Safer Alternative To Fiat (Paper) Currency

  30 Apr 2012 in Blog &Featured &Monetary Policy &Precious Metals
  According to the IMF central banks from at least twelve nations added to their gold holdings during the month of March. The purchases were led by Mexico which bought 16.8 tons, Russia which bought 16.5 tons and Turkey which added 11.5 tons. Kazakhstan, Ukraine, Tajikistan and Belarus also increased their reserves of the yellow metal. ... Read article

• Osborne Commits A Further £10 Billion To The IMF Bailout Fund

  23 Apr 2012 in Blog &Featured &Monetary Policy
  The Chancellor, George Osborne has announced that Britain will commit a further £10 billion to the International Monetary Fund (IMF). Our contribution, along with an extra $60 billion from Japan, $15 billion from South Korea, $10 billion from Switzerland, and $7 billion from Australia, helps to boost the IMF’s resources by $430 billion, allowing it ... Read article

• The Eurozone Crisis Is Over: Oh No It Isn’t, Oh Yes It Is, Oh No It Isn’t…

  12 Apr 2012 in Blog &Bonds &Featured &Fundamental Analysis
  It was only two weeks ago that Eurozone leaders were telling us that the crisis which has plagued the group of 17 member countries since late 2009 was all but over. Speaking in Tokyo 28 March, Italian Prime Minister Mario Monti said that “The Eurozone has gone through a huge crisis, but I believe that ... Read article

• The Search For Yields Part II: Utility Income Fund Paying 7%

  30 Mar 2012 in Blog &Featured &Stocks &Ways to bet
  In my search for high yielding funds I came across the Reaves Utility Income Fund [UTG]. The fund is a closed-end management investment company incorporated in the USA which seeks to provide high total return consisting of tax-advantaged dividend income and capital appreciation. The Fund invests its assets in dividend-paying common and preferred stocks and ... Read article

• A Well Diversified Portfolio Is A Nice Idea, But…

  21 Mar 2012 in Blog &Featured &Fundamental Analysis
  The first problem with a well diversified portfolio is the inherent assumption that asset classes are negatively correlated, meaning that if one asset within the portfolio were to fall, the loss would be offset by a rise in another asset. During a financial crisis however, almost all asset classes become positively correlated, meaning that they ... Read article

• UK Property: Buying vs. Renting

  15 Mar 2012 in Blog &Property
  It seems more and more people are looking at buying a home rather than renting one, citing that “it’s cheaper to pay a mortgage than it is to pay rent”, and they have a point. The average UK home now costs £162,712 (Nationwide figure), and the typical Standard Variable Rate (SVR) is now 3.99% (Halifax ... Read article