World leading International Economist, writes a monthly newsletter on the state of the world from an economic, and therefore investment, perspective.
In the May commentary:
"Over the last 20 or so years, global interest rates and bond yields have collapsed to levels that few would have thought possible even in the late 1980s
In theory, zero interest rates should make the price of borrowing cheaper and the opportunity cost of spending money lower (by reducing the implied return to saving) and this was supposed to, in theory, provide a boost to consumer spending and even investment. In practice, though, the zero rate regime can run into a few difficulties.
We are fans because Andrew:
- Has an opinion
- Does not regurgitate the same view as the bulk of the media
- Supports his view with research and evidence that many others don't seem to undertake
Beware! Andrew's views are not for the feint hearted.