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Read moreMonday Musings 12/08/2019
The Brumps have had another wonderful week where they demonstrated that they live in a land occupied by the Umpa Lumpas, but don’t worry we at Straight Talk are working hard to keep your chocolate as you like it. Donald discovered that the Chinese are quite clever when they devalued their currency which countered his tariffs. Boris on the other hand still doesn’t seem to realise that it is highly unlikely that them foreigners over the channel are going to roll over just because he says they have to.
The Brumps have had another wonderful week where they demonstrated that they live in a land occupied by the Umpa Lumpas, but don’t worry we at Straight Talk are working hard to keep your chocolate as you like it. Donald discovered that the Chinese are quite clever when they devalued their currency which countered his tariffs. Boris on the other hand still doesn’t seem to realise that it is highly unlikely that them foreigners over the channel are going to roll over just because he says they have to.
I must apologise yet again for being obsessed by the antics of our political masters, but in a week when Her Majesty reportedly despaired because of our political leaders of all stripes inability to govern properly, I think that I am entitled. It would almost seem as if both Labour and Conservative leaders are trying to ensure that they will lead their parties to the edge of destruction, honestly believing that natural tribalism will ensure that their traditional voters will support them no matter how crackers they are. “Enough Enough” they cried so I will move on.
This week the Times wrote about the dog funds, those that have underperformed their peers over three years. You will not be surprised that Neil Woodford’s Equity income fund appears on the list as do two of the funds he used to manage at Invesco Perpetual. A couple of St James Place’s funds are also there. The fees that these managers collect on these dog funds are eye watering. Neil Woodfords firm something like 27.8 million this year and St James Place 21.3million. With full acknowledgment to the Times we will put the top ten on our website. Thanks to a fair bit of research we do not own any of these funds, albeit we did own both Invesco Perpetual funds but sold them both a long time ago.
So, to the markets. Brump Brump. Boris gave the FTSE100 a swift jab and the Trump gave all the American exchange a swift uppercut. Sadly, Mr Trumps antics followed by Mr Xi Jinping’s devaluation of the Yuan meant that markets around the world were collateral damage from their fight to become the leading power in the world.
Market movements of the week
FTSE 100 down 2.07%
DOW JONES down 0.75%
NASDAQ down 0.56%
S&P 500 down 0.46%
NIKKEI down 1.91%
HANG SENG down 3.64%
SHANGHAI down 3.25%
CAC 40 down 0.58%
DAX down 1.50%
I had a strange encounter on Facebook this week (sounds silly, bear with me…). A new mum put a post up on a local group asking for help. She said.
Read moreAs I’m sure is the case for you, I’ve been watching the coverage of the Israel – Hamas war with horror. The loss of innocent civilian lives, the impact of.
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