Wednesday 5 December 2012

Chancellor's Autumn Statement

Pleasantly surprised by the Chancellor's speech today. Given that he has nothing to work with he managed a generally upbeat message and some genuine creativity. Ultimately, our fate is decided not just on these shores but by the state of the global economy and until it picks up in a sustained manner our ability to control our own destiny is limited, albeit much less so than if we'd be in the Eurozone. We may all have to be patient for a long time yet, so I'll be making sure that my investments are well-diversified, primed to give me protection when, inevitably thanks to Quantitative Easing, inflation takes hold and keeping a bit in cash for buying opportunities when the markets react adversely to bad news.