The Chinese word Wēijī (危機) is commonly mistranslated as meaning both “crisis” and “opportunity” and whilst this is a mistranslation it doesn’t make the lesson behind such a mistranslation any less interesting or useful.
The coronavirus crisis continues to cause uncertainty with global financial markets experiencing heightened volatility for extend periods of time.
It is at times like this we are reminded that time in the markets in more important than timing the market.
Yesterday the government announced the much anticipated financial support package for the self-employed. The collect relief sighed by the nations millions of self-employed Musicians, Actors, Tradespeople, small business owners and many more was audible.
Recently Chancellor Rishi Sunak announced that unprecedented measures will be put in place to protect millions of jobs as the economy struggles to cope with the Coronavirus crisis.
We take a quick look over the new furlough scheme.
This week we have seen the US Federal Reserve offer unlimited quantitative policy, along with various other bells and whistles. This is to keep the wheels of monetary policy lubricated; to encourage lending to companies by banks, and in turn this may save some jobs. It may also help to stabilise the markets, which would give enough breathing space to allow fiscal policy to be rolled out.
As the volume of overtime undertaken by frontline NHS staff increases exponentially in response to the Coronavirus crisis questions over the impact on pension and tax issues facing doctors are beginning to appear.
We take a look at a few of these now.
Before you consider purchasing a property or renting a house, deciding where to live could be one of the most important decisions you make. Get it wrong and you will either be unhappy with where you live, or face the costs associated with moving home again. Thankfully, the annual Halifax Quality of Life survey can…
In the UK, we are being urged to stay indoors and socially distance ourselves to prevent the spread of the virus further. As humans, we are experiencing significant structural reform as we adapt to our new working lifestyles and plan around the latest advice issued by the Government.
Up until I founded Juniper Wealth my entire career had been in home based, flexible working roles. From working from the kitchen table to dedicated home offices to being on first name terms with my local Baristas I have navigated this for over a decade and have learned a few things in that time.
Policymakers around the globe are turning to their fiscal armouries to meet the economic challenges that the Coronavirus is, and will be, causing. This is a welcome development and as we have written previously, central banks have all but exhausted what monetary policy can achieve.
President Trump is pushing for a stimulus package that could reportedly be as much as $1.2 trillion and UK Chancellor, Rishi Sunak, has unveiled £330 billion of state loan guarantees, with an additional £20 billion of financial handouts aimed to help businesses cope with the impact of COVID-19. These stimulus packages are looking to offset the short-run economic damage that is likely to be done from social distancing, travel bans and outright quarantines.