Welcome back.
In this week’s issue of MoneyWeek, Jonathan Compton looks at how farming currently works (hint: its business model is unsustainable) and how it might look in the future as the global population gets richer and diets change; farmers respond to an increasing number of environmental challenges; and the “eye-watering” level of subsidies inevitably fall. He picks the best ways to invest in the farms of the future. It’s well worth a read – so if you’re not already a subscriber, get your first six issues free here now.
In the latest podcast, John talks to Helen Thomas of BlondeMoney, one of the most astute political analysts I know, about V-shaped disappointments and the “velocity of people”, and why Donald Trump could spring a surprise come November’s presidential elections. Don’t miss this one – you can listen here (or wherever you get your podcasts).
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We also have a new “Too Embarrassed To Ask” video. This week, we discuss what “liquidity” is, and why it matters. Check it out here.
Here are the links for this week’s editions of Money Morning and other web stories you may have missed.
- Monday: Two “crosses” to help you decide when to buy and sell the markets
- Tuesday: Warren Buffett, hater of pet rocks, buys his first gold mine
- Wednesday: Why Warren Buffett’s purchase of Barrick shares is such a big deal for gold-mining stocks
- Thursday: Investors are assuming a near-perfect future – that seems unwise
- Friday: Career risk – the private investor’s secret weapon
Now a swift rundown of this week’s main charts.
The charts that matter
Gold slipped back after Warren Buffett’s purchase of half a billion dollars’ worth of shares in mining giant Barrick. It’s now over $100 below the fresh peak it hit at the start of the month – but the show’s by no means over yet.
(Gold: three months)
US dollar index (DXY – a measure of the strength of the dollar against a basket of the currencies of its major trading partners):
(DXY: three months)
Ten-year US government bond yield:
(Ten-year US Treasury yield: three months)
Ten-year Japanese government bond yield:
(Ten-year Japanese government bond yield: three months)
Ten-year German bund yield:
(Ten-year Bund yield: three months)
Copper:
(Copper: nine months)
Aussie dollar:
(Aussie dollar vs US dollar exchange rate: three months)
Bitcoin:
(Bitcoin: three months)
Oil price (Brent crude):
(Brent crude oil: three months)
Amazon:
(Amazon: three months)
Tesla:
(Tesla: three months)
Have a great weekend.
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Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
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Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
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UK wages grow at a record paceThe latest UK wages data will add pressure on the BoE to push interest rates even higher.
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Trapped in a time of zombie governmentIt’s not just companies that are eking out an existence, says Max King. The state is in the twilight zone too.
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America is in deep denial over debtThe downgrade in America’s credit rating was much criticised by the US government, says Alex Rankine. But was it a long time coming?
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UK economy avoids stagnation with surprise growthGross domestic product increased by 0.2% in the second quarter and by 0.5% in June
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Bank of England raises interest rates to 5.25%The Bank has hiked rates from 5% to 5.25%, marking the 14th increase in a row. We explain what it means for savers and homeowners - and whether more rate rises are on the horizon
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UK wage growth hits a record highStubborn inflation fuels wage growth, hitting a 20-year record high. But unemployment jumps
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UK inflation remains at 8.7% ‒ what it means for your moneyInflation was unmoved at 8.7% in the 12 months to May. What does this ‘sticky’ rate of inflation mean for your money?
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VICE bankruptcy: how did it happen?Was the VICE bankruptcy inevitable? We look into how the once multibillion-dollar came crashing down.
