Philip's Comments Archives - Philip J Milton & Company Plc

Fuel prices rocket

So, diesel and petrol (and heating oil) prices have been rocketing, with the former being the highest it has ever been. Curiously, political pundits pay little heed to the amounts of tax inclusive within the prices we pay, all the way from production to refining and the levies, before VAT is added. They don’t also...

US interest rates rise

Interest rates in the US have been increased as a signal that inflation is too high. Here at home, that has been deferred, at least by a month… to the relief of the Chancellor as rates on government borrowing also slipped a tad and off their recent peaks, though that is likely to be...

UK economy grows, but…

At last the economy grew and better than hoped – by 0.4% in the quarter to 31 July and apparently fuelled by AI efficiencies and World Cup spending. However, the Government really has problems. Ostensibly it has sold the most expensive 30-year debt since 1998 - 5.82%. The very first 30-year started on 28...

New bond lows

So Lake Ontario is now to be called Lake America and so a wag has said Canada Geese are also now called Donald Ducks… oh well, let’s await developments there… the loyalists fought-back against the American invaders in the 1812 war and won and the White House was burned-down in 1814. Let’s trust they...

Economic growth and a little calm

Have been listening to this strange noise outside today – the pattering of much-needed rain. I appreciate if you are on holiday here it’s not so good but the ground needs it desperately so please forgive us! Pleasing to see the latest Quarter’s economic growth rate at 0.4%. It is still lower than it should...

FTSE flies but what’s inside?

Welcome to a new all-time high for the FTSE100. Remember, it’s just a number and it’s the contents which are important and what are powering the underlying indices. Banks have been very strong (Lloyds’ results yesterday saw the shares at their highest since 2009) and now Rolls Royce is a major component too. Oils are...

The good, the bad and SpaceX

Some news’ improvement amongst the negative developments in the Middle East (again) - US inflation went down to 3.5%, somewhat unexpectedly. That should give some respite in interest rates and the strength of the Dollar. Meantime, here at home our economy grew by 0.1%, led by services. It’s not much and it is primarily a...

SpaceX debut sees wings clipped

Well, SpaceX debuted and rose very considerably in those early days, adding fortunes to Elon Musk’s fortune, before then falling a cool $1trillion the following week before rebounding slightly. This isn’t ‘investing’ but well done him and others for capitalising on this global tech feeding frenzy which doesn’t understand the difference. Here at home, we...

PM resigns – will uncertainty reign?

Goodbye Sir Keir, hello tomorrow. Sadly, I fear he won’t be missed greatly and with negligible legacy to remember though we must recognise that any such change creates opportunity for uncertainty. It may seem that a certain new MP is crowned without competition. We can then only hope he will have better economics than the...

Unexpected growth in economic area

Shockingly (as we weren’t expecting it!) but the economy grew 0.6% in the first quarter – not quite sure how! Apparently, it was ‘services’ primarily. So, the extra 0.1% over what was expected is being headlined by the Government as wonderful news but sadly one swallow does not a summer make. On the same day,...

Fuel prices rocket

US interest rates rise

New bond lows

Economic growth and a little calm

FTSE flies but what’s inside?

The good, the bad and SpaceX

SpaceX debut sees wings clipped

PM resigns – will uncertainty reign?

Unexpected growth in economic area

Risk Warning

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Philip J Milton & Company Plc