What I didn’t get to say on Newsnight

I am writing this on a late train home from Kings Cross. I came to Kings Cross from the Green Room at BBC Newsnight, where I was having an interesting discussion with Jonathan Powell. The I learned I was cancelled for the programme. Jonathan was not. I’ll be honest. I always expect to be cancelled […]


FOMC Statement: 25bp Decrease

FOMC Statement: Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household spending has picked […]

Estate Planning

Tips for Caregivers

As the elderly population in the United States continues to grow at an unprecedented rate, the need for caregivers for the elderly has also experienced a corresponding increase. Oftentimes, family members or close friends offer to provide care to an elderly individual without expecting payment for that care. If you are one of those caregivers, […]


Zillow Case-Shiller Forecast: Mostly Lower YoY Price Gains in June compared to May

The Case-Shiller house price indexes for May were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Matthew Speakman at Zillow: May Case-Shiller Results and June Forecast: Still Tapping on the Brakes Low mortgage rates and consumer demand typically would create […]


Chicago PMI “Softens to 44.4 in July”

From the Chicago PMI: Chicago Business Barometer™ – Softens to 44.4 in July The Chicago Business BarometerTM, produced with MNI, eased further to 44.4 in July from 49.7 last month, the second sub-50 reading in 30 months. The weakness in the Barometer observed in Q2 continued into the current quarter, with the latest outturn making […]


ADP: Private Employment increased 156,000 in July

From ADP: Private sector employment increased by 156,000 jobs from June to July according to the July ADP National Employment Report®. … The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.…“While we still see strength in the labor market, it […]


Financial Independence – How to Retire by 40 on $40K

Although I’m not pursuing financial independence Cashflow Cops overview is a great guide for anyone who is and an excellent financial blueprint for anyone looking to improve their finances.  Ignore all of the noise and fancy words like tax-loss harvesting and geo-arbitrage. They can be off-putting and make things sound more complicated than they need… […]


You couldn’t make it up: Jersey is cracking down on tax avoiders

International Investment has noted: Jersey’s government is planning to launch a crackdown on islanders not paying their due tax, as it estimates to generate an extra arund £40m over the next four years with the initiative. Authorities will focus on ‘high-risk’ taxpayers who are getting their taxes wrong “either mistakenly or deliberately”. Last month it emerged […]


How tax havens distort the world

The Office for National Statistics published new data on inward foreign direct investment into the UK this week. This is where they show the money coming from. The intermediate position is the declared source i.e. the residence of the entity apparently used to make the investment and the ultimate position the supposed actual source of […]


Why should you own government bonds?

We see raising portfolio resilience as a key theme for investors – not only for this year but over a long term. It’s crucial to safeguard a portfolio against a variety of adverse conditions, especially in a time of elevated macro uncertainty. We view government bonds as key portfolio ballast, even after their yields have […]