The Hunter’ Tails – The Chastity of cranes…

For the first time in history, government debt has been sold in Japan at a negative yield. It is indeed a funny old world – especially for Central Bankers!

“Nothing has really changed, and markets remain distorted by the bandages of bankers”-Artemis Fund Managers

Below summary of article written by Anthony O'Brien

For the first time in history, government debt has been sold in Japan at a negative yield. It is indeed a funny old world – especially for Central Bankers!

Admittedly, there’s been some relief – the Ebola panic seems to be subsiding. The US economy continues to perform and the ECB has started buying bonds sooner than expected.

Europe’s car sales are recovering, and Spain’s unemployment has come down. China’s economy is managing a soft, rather than a hard, landing. Less expensive oil should see consumers, ah, consume.

Yet the bottom line is that nothing has really changed, and markets remain distorted by the bandages of bankers.

So our best guess would be ‘range-bound’ for a while. In Europe, resilient businesses that can increase earnings even when economic growth is anaemic are worth some consideration.

For UK Growth, meanwhile, Tim Steer has been buying more EasyJet: oversold on Ebola, and cheaper fuel.

To read the full article, click here

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles