As Americans celebrate their Independence Day public holiday this Wednesday with barbecues, picnics, parades and fireworks, they do so against the backdrop of an economy that is in rude health. Unemployment is at an 18-year low of 3.8 per cent, wage growth appears to be stabilising at around 2.7 per cent, business investment is up and lower taxes are having a positive impact.
As widely expected, the mighty US Federal Reserve Bank has raised US interest rates again. It has also signalled two further hikes this year and is progressing with unwinding the bloated balance sheet it built up during successive rounds of 'Quantitative Easing', a form of financial alchemy designed to keep borrowing costs low by buying vast amounts of bonds each month.
In recent years many have taken a more sceptical view of China, concerned about the rapid growth of the debt in the country.
Stamp duty reform, a pensions raid, a tax on dividends and a freeze on the ISA allowance are all possibilities.
Jason Hollands, managing director at Tilney Bestinvest, assesses the prospect of a new Black Monday type of crash.
Just £14.4 billion is invested in ethical funds out of total assets under management in funds by UK investors of £1,154.1 billion.
The costs of buying PFI partners out of legal contracts will likely be enormous in their own right.
While future rate rises might be expected to be modest, the implications of a potential rate hiking cycle are profound, says Jason Holland.
Jason Hollands, managing director of the Tilney Group, assesses the impact for UK investors of Donald Trump’s early days as president
Financial markets appear to have become unusually sanguine about risk, writes Jason Hollands, managing director at Tilney Bestinvest.