One of the challenges with writing these is not so much finding something to write about, it’s that there is so much I could write about! I know what excites.
Read moreDon’t Panic Mr
Don’t Panic Mr – Monday Musings 19/07/2021
My eye was caught by an article headed “Urgent call to beef up Britain’s chip supplies” which threw me into a panic as I was just getting ready to barbeque and hadn’t bought the spuds, then I read on and saw it was about microchips which are far more important than those delicious bits of fried potato. If I have your attention one of the problems of a chip shortage is that new car production is being severely hampered which in turn is pushing up the price of second hand cars and this is feeding directly into the CPI (inflation) numbers. As I have said before although the Bank of England has been resisting putting up interest rates if this sort of pressure continues it is going to happen. While this would be good news for savers in that they might actually stop losing money on their cash accounts, it would not be great news for borrowers.
Covid has had an impact again this week with the FTSE100 down 1.6% largely due to the unknown result of the relaxing of the restrictions, and the Nikkei being impacted by a surge in infections and the real concern that the Olympics being a super spreader. France has also had muddle after muddle around the Covid rules and in Germany they have had the double whammy of Covid issues and the dreadful flooding that has killed so many people. So, although many of the fundamentals are still good, we are still seeing sentiment impacting the markets. This sentiment is something that it is very hard to legislate for. As you will remember I changes the asset mix of the portfolios last year, but I do not think that there is any need to do so again at this time.
So, to the markets
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Not all of its bleak out there. Sometimes we hear good things in the press. Ok, not often. But sometimes. For example, news came in the press recently that the.
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