The Financial Outlook for Personal Investors: Is the monetary punch bowl being withdrawn a little?
The Financial Outlook for Personal Investors
Russ Mould, Investment Director of A J Bell, looks at the ECB announcement which includes a slowing down of the rate at which it purchases bonds. Although the Fed is pressing on regardless, there are many instances of other central banks tapping the brake pedal gently. Explaining the confiscatory nature of inflation, he says that investors who disagree with the BoE and Fed that inflation is transitory should shun bonds, keep some cash to hand and look at value stocks and companies with branded pricing power.