The Green Line

A monthly chart, plus a short commentary
How Corporate America stole its own future
November 2019: US companies are paying shareholders more than they can afford
Has We killed the unicorns?
October 2019: WeWork’s ill-fated IPO is the tip of an iceberg
Mad for growth
September 2019: Investors chasing growth stocks creates both danger and opportunities
Bond investors: want more yield? Buy gold!
August 2019: What is gold telling us about the topsy-turvy reality of negative yielding debt?
Playing chicken with a crocodile
July 2019: Low rates and quantitative easing (QE) have created another asset bubble
A 21st century fairy tale: the venture capitalist and the unicorn
June 2019: The percentage of unprofitable companies listing on public markets has never been higher
Heads you win… tails you win?
May 2019: Can you have your cake and eat it with index-linked bonds?
Infini-QE: helicopter money
April 2019: Central bank policies have favoured the ‘haves’ and the ‘have yachts’. Quantitative easing in the next crisis might look very different
Safe as houses?
March 2019: Over almost 30 years UK house price gains have outperformed the best of British businesses. What next?
TINA turning?
February 2019: Rising returns on cash may cause investors to withdraw from riskier assets such as equities and corporate bonds
London
80 Victoria Street
London SW1E 5JL
Edinburgh
31 Charlotte Square
Edinburgh EH2 4ET
Paris
103 boulevard Haussman
75008 Paris, France