Here's looking forward to freedom in 2021

We often talk about the pent-up demand for goods created by the pandemic. But don’t underestimate the pent-up demand for physical freedom and to the investment opportunities that come with it.

People on a beach in Greece
First stop out of lockdown: a nice Greek beach
(Image credit: © Alamy)

The tree is up. The hall is decorated. The presents are wrapped (sort of). There are eight boxes of crackers. I have just taken delivery of a 4.6kg turkey. We are ready. But for what exactly? Turns out no one is coming this year. And we aren’t going anywhere either. This is not the end of year we expected when we sent out 2020’s first issue in January. Then we were worrying about stockmarket valuations and shifting cash into commodities, which we thought might be at the end of their vicious ten-year bear market.

The future turned out to be as unco-operative as usual. There was no way to know in January that a pandemic would close the world; that democracy would be effectively suspended across the West; that markets would hit new highs amid both a supply and demand crunch; that fiscal and monetary policy would merge into one great stimulus machine, rendering valuations irrelevant; that the main press topic in Christmas week would be the great festive lettuce shortage; and that I would hit 26 December with 3kg of excess turkey to fricassee.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.