Business as usual with the UK Autumn Statement: 130 pages from the Treasury, a further 186 from the Office for Budget Responsibility, massive media coverage this morning – and no material impact on the macroeconomic and investment outlook.
We’ve identified six tangible things that we all most often get wrong in investment decision making. Focus on getting these right, and you can forget about the miserably long lists of ‘65 ways psychologists have managed to demonstrate everyone is irredeemably irrational’.
The spectre now is deflation. But economists are being alarmist (hard to believe, I know). Moving from disinflation (slower growth in consumer prices) to outright deflation (falling prices) might not be a big deal.