News this past week
- Bank of England cuts rates and adds to QE
- US sees continued job creation
- Bank of Japan announces fresh stimulus
- JGBs sell off; gilts rally
- Oil rebounds midweek
James Klempster, CFA of Momentum Global Investment Management shares his view:
Today’s FT contains an article asserting that Britain has lost “nearly one-fifth of its dollar billionaires last year”. There are now a mere 106 dollar billionaires in the UK, with 68 resident in London. What may be of great concern to those that have dipped into mere multi-millionaire territory is that last week the FT informed us that now is the “worst time ever” to retire.