It’s all over! Or is it?

Wednesday, 15th August 2018

It’s all over! Or is it?

The Daily Mail’s Alex Brummer was in no doubt. He said this:

‘The Bank of England has signaled the financial crisis is finally over with the decision to lift interest rates to the highest level in a decade….’

You can imagine the sheer relief that swept through the Gibson household once Brummer had issued his resounding all-clear….

At last! Thank goodness! The ‘emergency’ that began a decade ago and took interest rates to the lowest level in the Bank of England’s 300+ year history is finally over….

The Bank has raised the base rate of interest all the way from 0.5% to the dizzying heights of 0.75%….

Things can finally get back to ‘normal’….

Or can they?

What about the financial crisis that lies just around the next corner?

  • Pockets of risk….

It was last September when the Bank of England’s Financial Policy Committee (FPC) described the burgeoning consumer credit market as a ‘pocket of risk’….

The consumer debt pile in Britain at that time amounted to £200 billion….

The FPC issued some stark warnings that, if the economy took a turn for the worse, rising defaults on that consumer borrowing could result in High Street banks losing up to £30 billion….… Click here to read more

Investments with ‘Star Quality’ rarely add-up….

Thursday, 2nd August 2018

Investments with ‘Star Quality’ rarely add-up….

I have no interest whatsoever in celebrities….

I never read Hello magazine. I’m not interested in what the Kardashians or the Katie Prices of this world are up to. I couldn’t care less who is topping the download charts or who is dating who….

I would recognize a big film star or a sporting icon. Most of the time, anyway….

But I can tell you with some small element of pride that the winners of Love Islandcould walk into my office this morning and I wouldn’t know who they are….

These days when I look at the right-hand sidebar on the Daily Mail website, I don’t recognize the faces or know the names of at least 80% of the young starlets, bronzed hunks and assorted Z-list glitterati the stories behind those links are focused on….

That is just as it should be. If it were otherwise, I might need psychological help….

  • I am not the norm….

But I am not the norm. I am an outlier on the scale. An old fuddy-duddy who doesn’t ‘get it’….

The rest of the world appears to be obsessed with celebrities and their various trials and tribulations – placing an emphasis and importance on matters that seem so pointless and trivial to me that I can’t fathom it….… Click here to read more

Mixed signals & opportunity….

Wednesday, 25th July 2018

Mixed signals & opportunity….

I had intended to bring you my idea of the next big thing this week….

But that can wait. It isn’t going anywhere. And my attention has been focused on something else over the last few days….

I’m starting to get very interested in the mixed signals we’re getting about cryptocurrencies….

  • Don’t get me wrong….

Now, people will say that I’ve been negative about cryptocurrencies myself in this column….

But that would be to miss the point….

I was negative about the price activity of Bitcoin last summer….

I believed that prices were in a speculation bubble that was unsustainable and sure to end in tears….

And I was right about that. 100% right….

But I am not and have never been negative about cryptocurrencies as a concept….

I believe cryptocurrencies have a role to play in the future financial system and that they are here to stay in one form or another….

So, it is very interesting to me that so many dyed-in-the-wool financial establishment people and institutions are out there banging the drum AGAINST cryptocurrencies….

  • A bombardment of negativity….

In May, mild-mannered octogenarian super-investor, Warren Buffett, described Bitcoin as ‘rat-poison squared….’

His sidekick, Charlie Munger, went further.… Click here to read more