The Important Measure Will Colour The Economic Path Ahead

The velocity of money (the frequency at which money changes hands) sits near all-time lows and is again slowing, following a short-lived stimulus-induced boost in 2020.

The velocity of money reached a peak in the late 1990s before declining in response to the crash of the internet stock bubble. It…

Valuable Investment Insights From Magazine Covers

Identifying extremes of investor sentiment (and then taking a contrary position) has proven to be one of the most reliable techniques to generate superior long-term investment returns.

A useful gauge of sentiment has proven to be the subject of popular magazine covers, as they tend to reflect consensus opinion. Magazine…

These Are Challenging Years For Investors Seeking Income

An unquenchable thirst for yield has been a major trend among investors over the past two decades. Rapidly ageing populations and the steadily declining yields offered by high-grade bonds have motivated many income-seeking investors to seek shelter in equity dividends.

Treasury bonds currently offer negative real yields while challenges to…

Jonathan Baird CFA

PUBLISHER OF THE GLOBAL INVESTMENT LETTER. AWARD-WINNING MONEY MANAGER. SPEAKER ON GEOPOLITICS AND MARKETS. www.globalinvestmentletter.com

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