100-years-old and still working a day job?

Monday, 18th July 2016

Good morning, friends,

In this issue of Money Truths….

  • I will never retire….
  • Depending on the ‘silver-haired’ brigade….
  • Ivan Roitt – you don’t get too many of him to the pound….
  • From the realms of science fiction….

I will never retire….

I cannot imagine ever ‘retiring’ in the conventional sense of the word….

Reaching retirement age is one thing. Quitting work altogether is another thing entirely. For me, getting to 65 or 68 years of age is not a cue to deepen my relationship with daytime TV or to retreat into a life that consists of reading the Daily Mail cover-to-cover every morning and visiting the local garden centre once a week.

Call me unique and peculiar but I enjoy work. I always have. And I don’t see that reality changing simply because the candles on my birthday cake have increased in number.

Life is short. Time is limited. And I want to make full use of every minute I have available to me. There are things I want to achieve. I have a long list of things I want to do. I want to be productive for as long as I can be productive. And I see age as no bar.… Click here to read more

Is the Bank of England reaching for the defibrillator?

Monday, 11th July 2016

Good morning, friends,

In this issue of Money Truths….

  • No universal meaning….
  • A cut in the base rate….
  • Reaching for the defibrillator….
  • Life-saving surgery….

No universal meaning….

Like politics, the financial world is largely driven by events.

Things happen. Every day. That much you can rely on….

But, in the financial world, events have no universal meaning. They don’t mean the same thing for everybody.

A single event can have a different meaning, create a different effect and produce a different consequence for different individuals, businesses, groups or interests.  Each can see and experience the same event very differently.

That’s one aspect of the financial world that makes it such an interesting and compelling environment – and one so difficult to fathom. It is a mass of complexities and contradictions….

Take what might happen later this week, for example. It means different things to different groups of people….

A cut in the base rate….

Last week the Bank of England governor, Mark Carney, said that there was a prospect of‘material slowing’ in the British economy. In other words, a sharp slowdown in the rate of economic growth….

Economists took that warning as a strong hint that interest rates will be cut this week to a new low of 0.25%.… Click here to read more