Internet Lending

WEEKLY COMMENT 18-08-2016

By Barry Edwards

 Internet Lending

As we enter the height of the holiday season, the flow of interesting items reduces a trickle. However, one article did capture my attention about further revelations of the activities of Lending Club, the American marketplace and peer-to-peer lender. You may remember that this company hit the headlines in May of this year when the chief executive had to resign over misdated loans being sold to Jeffries, a medium sized investment bank, and also he had failed to disclose a personal interest in an investment fund in which Lending Club was considering investing. read more

Pension Deficits

WEEKLY COMMENT 11-08-2016

By Barry Edwards

Pension Deficits

 

Since the announcement from the Bank of England (BofE) about the extra quantitative easing investment of £70 billion last week, there has been much discussion about pension deficits and the difficulty pension funds have to find suitable investments to meet their obligations. The first problem for the BofE is that they are finding it difficult to purchase the bonds they require from the market since few investors want to sell government bonds because they cannot replace them without taking a reduction in yield. The BofE are not allowed to buy directly from the government debt office because it would be construed as self-financing by printing money which is frowned upon by international investors and therefore not permitted in most countries. read more

Rebooting Britain

WEEKLY COMMENT 4-08-2106

By Barry Edwards

Rebooting Britain

 

The Adam Smith Institute has published a paper entitled ‘Rebooting Britain Making the Most of Brexit’ written by Dr Madsen Pirie. It is a very straightforward presentation of ideas, similar to a manifesto, which you may find interesting. It proposes a comprehensive overhaul to improve how government functions incorporating many concepts that have been discussed in the past at length and some new thoughts. This is the first paper I have seen that actually outlines what should be done now we are leaving the EU. read more