Charlie Munger has left us a deep well of investment advice – pithy quotes we can all learn from. Pay attention and remain deeply, deeply sceptical. Meanwhile, the fact bond rates are falling does not mean the global economy is fixed. It means trouble ahead.
The City of London’s crown as the centre of global finance sits uneasy. Multiple issues face the City, but perhaps the biggest is mindset and bureaucracy. How can London regain the flair and excitement that once made the City the beating heart of the global economy.
How will free-market economies resolve crashing discretionary spending, wage inflation and looming recession when income inequality is so blindingly obvious to electorates? Something has to change.
There are lessons from the public humiliation of Kwasi Kwarteng for governments and corporates around the globe. If we are going to address the looming economic crises – then governments, central banks and financial instutions need to be on the same page.
Blain’s Morning Porridge 29th Jan 2021: Look Around. Calm. Relax. “Lokah samastha sukhino bhavanthu.” It’s Friday, and I get to…