It’s only real digitally – Monday Musings 09/08/2021
Last week I wrote about Quantitative Easing which to my surprise drove an unusually high response. The main question was if the Bank of England print more money to buy back Government Bonds and Corporate Bond, do they actually print the notes and send them to the banks etc. I must admit that the image that comes to mind of them stuffing billions of quids in envelopes is delightful. Sadly, this is not what happens, the quids are in digital form which is far more efficient but so boring😊
I re-read an article written in May 2021 which was pretty clear that interest rates would not rise until 2025. This was based on an inflation rate that had just risen to 1.5%. Of course, inflation has risen to 2.5% since then which I think may well bring an interest rate rise before the end of the year.
Closer to home we have completed the fitting out of the ground floor of our building which has created some great space for clients to come and meet us. Some of you came to see us in our old office and I hope that many more of you will be able to come and look us over in the new client space. We have a fully fitted kitchen and will be expanding our coffee and conversation schedule. We will be publishing our dates for a range of topics that will range from Pension planning to IHT and making sure your family enjoy the fruits of your estates or business when you decide to retire. When we think a specialist would be useful, we will have an outside expert with us to answer any questions you may have. These are not seminars but are conversations between a small number of clients with Straight Talk facilitating the conversation.
So, to the markets
|04.01.2021||09.08.2021||% Change||% Change on week|
|FTSE 100||6571.80||7122.95||Up 8.38||Up 1.29|
|Dow Jones||30105.26||35208.51||Up 16.95||Up 0.78|
|Nasdaq||12696.74||14835.76||Up 16.84||Up 1.11|
|S&P||3695.49||4436.52||Up 20.05||Up 0.94|
|NIKKEI||27228.07||27820.04||Up 2.17||Down 1.97|
|Hang Seng||27431.07||26179.40||Down 4.56||Up 0.84|
|Shanghai||3502.13||3458.23||Down 1.25||Up 1.79|
|CAC 40||5584.96||6816.96||Up 22.06||Up 3.09|
|DAX||13733.08||15761.45||Up 14.76||Up 1.40|
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