Why are US Indices at record highs?
Are the recent record highs all down to Donald Trump’s growth agenda policy promises he was elected on? Back in November 2016 he made a number of commitments – one of which was to reduce taxes. Since he was elected and with these ‘commitments’ queued up, the US economy has …
Wall Street up again!
Another high for the DOW Jones Industrial Average closing at 21797 (27/07/17)
Personal debt rising?
Are we storing up a problem by increasing debt levels? Car loans, personal loans, credit cards and balance transfers are increasing. Contrasting this with lower household incomes eroded by inflation – it does make me wonder if we are brewing up a problem for the future. Struggling families on low …
Emissions Scandal – Too good to cheat?
Aren’t these companies just too good to cheat (if indeed they have)? Did they really need to do this sort of thing? Aren’t they better than this? Weren’t profits good enough? If these companies have cheated on emissions – I have just one very simple question… Why?
Motor Taxes of the Future?
When electric cars become mainstream and fossil fuels are consigned to history – where will government lost revenues come from? Road tax is currently based on fuel emissions with a huge chunk of government income taken from fuel tax. This will potentially mean a £27 – £28 billion hole in …
FOMC Meeting
The Federal Reserve hold US interest rates at current level. Gradual US interest rate rises are on the way. Fed to unwind balance sheet ‘soon’. More on this to follow…
Wall Street High
The DOW Jones Industrial Average closed at a record high of 21709 after reaching intra-day highs of 21739
UK Economy grows
Initial figures released by the Office for National Statistics (ONS) show first estimates suggest the UK economy grew by 0.3% in the three months to the end of June. Bear in mind these figures can be subject to revision in the coming months. The ONS tweets that growth was driven …
S&P 500 hits new high
US indices made good gains again yesterday (25/07/17) which saw the S&P 500 reach fresh record highs. The DOW also hit a new intra-day high but pulled back at close.
Diesel and Petrol ban by 2040
Following on from the ‘Faraday Challenge’ announced by the UK government this week, which presented plans to develop smarter energy for the future – we now have this brilliant new initiative announced today to ban ‘dirty diesel’ car engines from our roads by 2040. Now, based on that time scale …