Individuals, cor porations and even governments and state institutions may have savings or money that is sur plus to their current requirements. For convenience sake we will refer to them all as investors. Investors seek the following: Risks and returns. To get the highest level of return available for a given level of risk taken, [...]
The focus of this blog is on financial markets and financial institutions. The subject of public sector finance is fortunately well outside our scope other than to the extent that it impacts on these markets and institutions. In brief, however : Income. Government income comes from taxes imposed on cor porates and individuals. The receipt [...]
The range of retail financing requirements is much narrower than for cor porations: Homes. Many people, for a number of reasons, aspire to own their own home whether it be a castle in the English countr yside, a condo in New York or a semi-detached house in suburbia. Financing for such purchases is long term [...]
What we think is important varies with our personal circumstances and the stage of the business cycle. If you talked to people three years ago – when the stock market was booming and everybody was raising money to buy dot-coms that were going to be our saviors and that were going to change everything we [...]
