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Central Banks come to the Rescue after a Difficult Week in Markets

This report is written in two parts. The first about the markets generally and then a section on the Fed itself simply because you can't understand the volatility in markets without analysing the "output" from the members of the committee.         PART I – THE MARKETS Having got themselves into a bit of a tailspin by mid week, financial markets were relieved to ...

Gold Mining

A Critical Time is upon the Market

Stewart Richardson Chief Investment Officer   We had the pleasure last week of attending a presentation by the IMF team responsible for their Financial Stability Report. To say they painted a sobering picture of potential market problems ahead is a bit of an understatement, especially considering they work for an organisation that has, alongside central banks, been very vocal in promoting the ...

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US Employment Situation Supports US Dollar and Equities

The US employment report showed the economy generating lots of new jobs without too much wage inflation. This will allow the Fed to claim that they remain on track to meet their dual mandate and at the same time pursue a more modest rate rising cycle than the hawks are suggesting. The combination of decent growth and prospective rate rises has ...