Money
Primelocation and house prices trend in London
You wouldn’t believe this.
Apparently, the whole world real estate is going belly up, with the exception of -guess?- London!
This accordingly to www.primelocation.com. If one had to believe their survey, in these troubled -t0 say the least- times, when US real estate is down 20% YoY -and this is for the lucky cities!-, London had a [...]
Asset Allocation
Just in case you wondered… This is my current asset allocation (excluding real estate and debt) in this current troubled times:
Cash or equivalent: 90%
Equity (EM): 7%
Gold: 3%
Currency-wise:
USD: 50%
Euro: 34%
UK Pound: 16%
I am thining to add on Gold, but definitely not US equity - if anything, I would short them.
Sphere: Related Content
Volkswagen and the free market
Here’s something interesting. At an intraday high of 1,005€ (it was trading around 200 just a few days ago), Volkswagen has been for a few minutes the biggest company in the world for market capitalization. A whopping 380bn$. For a car-maker!!! Why this?
Pretty simple. The whole hedge fund world was short VW because it was [...]
Time to buy?
The FT is a great newspaper, I think the best, and publishes extremely interesting and thought-through articles. I’d like to share one with you, quite provoking on potential future scenarios.
A funny snippet here:
“…the wealth of the average 50-year-old is $900,000, of which only a quarter has anything to do with financial assets. Worryingly, however, almost [...]
Should I buy equity now?
Hopefully, the acute phase of the crisis is over. With the EU governments investing around 2trn€in different ways to sustain the credit markets (either through shares purchase, account guarantees etc), it seems that the risk of a systemic collapse of the financial world is now smaller than a few weeks ago. For this reason, markets [...]