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What does inflation mean for family investors?

July 12, 2021

Business families have demonstrated their resilience during the Covid-19 pandemic, but some principals are concerned the storm clouds of inflation are gathering over their roads to recovery.

Business families have demonstrated their resilience during the Covid-19 pandemic, but some principals are concerned the storm clouds of inflation are gathering over their roads to recovery.

Ruffer on why inflation is the ‘starting gun’ for global volatility

June 17, 2021

“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the US economy will likely boom,” Jamie Dimon, chief executive of JPMorgan Chase, said in May 2021.

The number of companies raising prices in the United States is at a 35-year high.

“This boom could easily run into 2023 because all the spending could extend well into 2023.”

Remind me why you own bonds

November 18, 2020

The future looks even more uncertain than usual. Normally uncertainty translates into lower asset prices. But not this time. And with the prices of all assets buoyed by abundant liquidity, we fear a traditional ‘diversified’ portfolio is not going to be much protection in the next market convulsion.

In particular, we believe that conventional bonds will provide neither acceptable returns in good times, nor much protection in a downturn.

Governments need to spend

November 8, 2011

When the going gets tough, the tough get spending. This, at any rate, is the view of Richard Koo, senior economist at the Nomura Research Institute, who has developed quite a reputation for arguing governments in the west should be investing rather than saving money to rescue their economies.

When the going gets tough, the tough get spending.

This, at any rate, is the view of Richard Koo, senior economist at the Nomura Research Institute, who has developed quite a reputation for arguing governments in the west should be investing rather than saving money to rescue their economies.