A bull market in bubble warnings

Another week, another warning that stock markets are looking frothy. In June, the Bank for International Settlements, an organisation of central banks, highlighted the “puzzling disconnect between the markets’ buoyancy and underlying economic developments globally”. Last week, the Institute of International Finance (IIF) did the same. Such warnings have become more frequent in recent months.

The gap between the fundamentals and the performance of equities is worrying. Bank of America Merrill Lynch (BAML) notes that, since March 2009, world stocks have jumped by 190%, but US GDP is up just 18%.

The problem is the inevitable hangover after a credit [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Paying by mobile

Why your phone will replace your wallet

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.