MoneyWeek Roundup: Inflation is destroying savings

James McKeigue highlights the week's best pieces from the MoneyWeek team, including: how inflation is destroying your savings; why you should set your stop losses right; and why you should hang on to your gold.

"Just when I thought I was out, they pull me back in," says Al Pacino's Michael Corleone character in Godfather III. But it could just as well apply to the stock markets this week. Just as equities were recovering from the early August crash and the bulls were feeling better, shares tanked again.

The panic was triggered by some truly awful figures from America. The Philadelphia Federal Reserve's business activity index, a key measure of US manufacturing confidence, came in way below forecasts. On its own, the 'Philly Fed' might not trigger such panic. But to jittery investors it became a further sign of a global recession on the way.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.