PensionCraft

This is a Bluesky starter pack for people in investment & finance: go.bsky.app/TmtTSMh

1 year ago | [YT] | 11

PensionCraft

- We will have a live stream this evening ( youtube.com/live/e94oGl3oNxU?feature=share ) to discuss the effect of Trump's victory in the US presidential election and the FOMC rate decision so this is a summary of the Bank of England's rate decision today
- The decision
- The Bank of England's Monetary Policy Committee voted 8-1 to cut Bank Rate by 0.25% to 4.75%, the second cut in this rate cycle
- Inflation is 1.7% (year-on-year in September) and below the Bank's 2% target giving the Bank scope to cut
- They will not cut rates too quickly so that inflation doesn't flare up again
- The Bank's central case is that rates will continue to fall gradually
- UK Inflation
- The Bank considers three scenarios
- We did it! Inflation may quickly dissipate as pay and price-setting normalize
- No Pain No Gain: A period of economic slowdown may be necessary to fully normalize these dynamics
- Hit Me With Your Policy Stick: Structural shifts in wage and price-setting behavior may contribute to ongoing inflation
- The MPC's latest projections for economic activity and inflation are based on the second scenario, where a period of economic slack is required to normalize inflation
- Over the next six month the Bank expects inflation to rise slightly as the drag from lower energy prices wanes and services price inflation pushes prices higher
- Rachel Reeves' budget is expected to push inflation up by half a percentage point at its peak
- The dissenting member (Catherine Mann) who favored maintaining the current rate argued that structural factors in wage and price-setting dynamics were prolonging the disinflation process
- UK Labour Market
- The labour market remains tight but is loosening
- Wage growth still remains high but its rate is declining back to pre-COVID rates consistent with the 2% inflation target which could cause "lingering persistence" in wage inflation
- UK Rates
- Last week the market was positioned long (for lower interest rates) at the shorter end of the curve
- Positions were closed as yields rose and stop losses were hit (selling drove prices lower and yields higher)
- From Friday the yield curve movements were driven by the US election
- The rates market (for gilts) is now orderly and settled
- Mortgages
- Around 800,000 fixed-rate mortgages currently with an interest rate of 3% or below
are expected to be refinanced per year, on average, until the end of 2027
- Some mortgage holders have reduced their spending in anticipation of paying higher rates
- Interest rates for those on variable rate mortgages have fallen, however, and a growing number of those who are already paying higher rates may be able to refinance at a lower rate over the next two years

1 year ago | [YT] | 20

PensionCraft

New Many Happy Returns pod out now, with Paul Johnson helping us brace for the budget! What taxes might rise in the budget? And why are Britain's public services struggling despite record tax revenues?
Paul is Director of the Institute for Fiscal Studies and author of "Follow the Money: How much does Britain cost?"
You can probably tell we had a lot of fun recording it, particularly as I'm a Paul Johnson / IFS fanboy
Listen to the episode right here on YouTube: https://youtu.be/3HIG8580-V4?si=JUzvl...

1 year ago | [YT] | 13

PensionCraft

I was delighted to be asked back to do another episode of the Making Money podcast with Damien and T as I always have such a great time recording them. Who knew talking about bonds could be so much fun!

1 year ago | [YT] | 34

PensionCraft

🎉We just published the 100th episode of Many Happy Returns🎉
Check out our new episode: "What I learned from talking to 1,000 people about their investments" many-happy-returns.captivate.fm/episode/talking-to…

And make sure you're subscribed on Spotify, Apple, or wherever you get your podcasts.

1 year ago | [YT] | 90

PensionCraft

On the 19th of December at 7pm GMT, I will be live streaming a Christmas Special with my favourite YouTuber Damien Jordan from @DamienTalksMoney. We'll be sharing our "Christmas List for Investment Santa" and there will be time to answer questions, so please do join us for an hour of festive finance fun!

1 year ago (edited) | [YT] | 4

PensionCraft

Ever wondered which is better: money market funds or government bonds? I will be addressing that exact question in a free live online seminar with Cbonds' Alessandro Lombardo and Lana Veselova. To secure your spot at this free seminar please use this link us06web.zoom.us/webinar/register/9416981315436/WN_…




The seminar is scheduled to take place via Zoom on the 14th of November at 18:00 GMT. Amidst a climate defined by striking volatility in the US Treasuries market, moderating inflation, and central banks potentially set to ease monetary policy conditions in the coming year, the discussion aims to tackle a key question: What is the best choice for conservative investors in the US and the UK at this time?

2 years ago | [YT] | 64

PensionCraft

I had lots of fun making this @MakingMoneyPodcast with T and Damien. I hope you enjoy listening to it as much as I did making it!

2 years ago | [YT] | 35

PensionCraft

Get ready for an engaging discussion you won't want to miss! On our next YouTube live, Ramin and Damien Jordan from the @DamienTalksMoney YouTube channel and the Making Money podcast, will offer their insights on hot topics ranging from the dizzying heights of US market valuations pumped up by the AI rally, to the US earnings recession, sticky UK inflation, and whether the Bank of England's monetary policy response is going to work.



Plus, get a rare behind-the-scenes look at the highs and lows of being a finance YouTuber, straight from the experts themselves. Join us and equip yourself with in-depth knowledge to navigate the turbulent seas of finance. Bring your curiosity and let's unravel the complex world of finance together!

2 years ago | [YT] | 15

PensionCraft

I'm going to make a video on the biggest investment scams and I'd really appreciate your views and suggestions. Which of these would you like me to discuss? If there's one that's not on the list please mention it in the comments. Thanks!

2 years ago | [YT] | 57