The US and UK Central Banks were complicit in inflating the housing bubble by keeping the interest rates too low for a long time. While this theory has been discussed by many, Albert Edwards of Société Générale takes a different angle on why the Central Bankers kept encouraging the housing bubble. A post in FT Alphaville …
The Invesco Perpetual High Income Fund is one of the largest unit trusts (or mutual fund) in UK with an asset base of about £11.0 billion . The fund aims to achieve a level of high income together with capital growth. The fund invests most of the assets in UK-listed companies with the remaining in …
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Most developing and resource-rich countries offer high subsidies for fossil-fuel consumption. Subsidies for oil, natural gas, electricity and coal vary among countries depending on the natural resources present in the respective country in addition to other factors. In the developed world, subsidies for oil is mostly non-existent despite some of the countries blessed with large …
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The world population crossed the 7 billion mark this year. The majority of this population lives in the developing world. According to The Global Wealth Report published last by Credit Suisse last year, about 92% of the world’s population can be classified as part of the middle, the upper middle and the lower classes. The …
Volatility in the U.S. stock market has been extreme in the past few years. The following chart shows the 5-year chart for the VIX index: Click to enlarge Source: Yahoo Finance After peaking in late 2008, the fear index started to moderate until the middle of this year after which it has spiked again due …
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