Investment briefing
When Jane Austen wrote ‘Pride and Prejudice’ in 1813, an annual income of £10,000 compared to an average salary of just over 30 pounds. In today’s money, Mr. Darcy’s annual income would have been £10 million. No wonder Mrs. Bennet was so excited!
Investment briefing
Electric Dreams
After a rather stifling start to the summer (hosepipe bans at the ready), the weather finally broke in mid-June, to the thrum of heavy downpours and a series of violent thunderstorms across the UK.
Investment briefing
Ricochet
Cast your minds back to 2014, when the Caribbean Island of Puerto Rico, burdened by a chronic budget deficit, spooked the US municipal bond market by passing legislation to restructure some of its enormous $73bn debt pile. US Municipal Bond ETFs reeled and wider markets were spooked, the country’s debt downgraded to ‘junk’ status.