It really is a bit quiet and this period is sometimes called the silly season
* The Clerkenwell Business Network holds a lunchtime event at The Rookery Hotel in Clerkenwell http://www.rookeryhotel.com/home.cfm and we are given a tour. It
is amazing how buildings can be recycled – the previous use was as a bacon-curing factory! There I meet a lady who works for Preventicum www.preventicum.co.uk who offer a full body check up including 3D MRI scan and other things without having to be referred by a GP – it must be a hypochondriac’s dream.
* I visit one of my relatives and somehow Pension Credits pops up in the conversation – she has been assessed for this wonderful scheme and awarded 7p a week. The Nanny State can be very mean sometimes.
* By way of contrast, at my BRE Bond Street meeting http://www.brebondstreet.co.uk/script/site/default.asp a lady from an American law firm http://www.usvisalawgroup.com that specialises in US Immigration matters
points out that Investor temporary visas only require US$100,000 whereas here it is more – £200,000 of capital being required and sometimes £750,000 capital. A great loss to the UK and a huge boon to the US economy.
* When will the chickens are come home to roost with the Government’s manipulation of Inflation figures?? Inflation down when energy prices are rocketing? A survey by Alliance Trust http://www.alliancetrusts.com/pdfs/research_centre/inflation_and_age_06_06.pdf points out that inflation is higher for elderly people. While consumer goods such as computers have decreased in price and kept the index low, these are rarely bought by the elderly who spend a higher portion of their limited income on keeping warm. The effective rate of inflation for them is about 3.7% p.a.. Does this feature in the deliberations of the Bank of England Monetary Policy Committee, I wonder?
* Wall Street analysts and fund managers say that share prices will fall in the next six months. This sort of thing is often a self-fulfilling prophecy but the wonderful thing about markets is how they sometimes prove the pundits wrong – we shall see.
* See my previous blog below about my hair-raising visit to Walberswick.