Looking at the chart this way reveals the FTSE 100 in a very different light. That light shows that thecompound annual growth rate (CAGR)in today’s £’s has only been 1.7%. Correct it by the Retail Prices Index (RPI) and that falls to 1.0%. Click to enlarge FTSE 100 Earnings As...
The pound rose today in anticipation of the deal. I’m sure the markets understood what kind of deal it was. The notion that the ‘strong’ pound and the (ludicrously inflated by QE) bullish stock market somehow vindicates Brexit is too absurd for words. Why does this post even exist? T...