Worldwide Financial Planning

While the political benefits of leaving were reinforced last week by the incompetence of the European Commission and its bungled vaccine program, the economic cost of leaving the single market is also becoming more apparent.

Bitcoin and others are highly speculative, as their price doesn’t follow any economic fundamentals – precisely the attraction that many have for it of course.

The Bank of England expects the economy to shrink by 4 per cent in the first three months of the year and, despite predicting a bounce back once vaccines allow us to go out again, it downgraded its full year forecast as well.

US Federal Reserve chairman, Jay Powell, gave a downbeat speech that sent a strong signal they intend to keep things loose for a while yet.

Mistrust in banks, their ability to control a financial system, its interest rates, money flow and their sheer yeehaa attitude with borrowing, investing and lending has created a society that has had enough.

This week the Donald Trump era came to an end as Joe Biden was inaugurated as the 46th President of the United States in a low key and, thankfully, low drama ceremony.