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Episode 61: Outlook for 2025; Performance Over Last Year; Trumpian Regime Change; Addressing the Big Questions

Complexity Premia

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Navigating Financial Turbulence

This chapter explores the decline of the British pound against the US dollar and its implications for inflation and government borrowing costs in the UK. It highlights the complexities faced by borrowers in a shifting economic landscape, particularly in light of rising interest rates and increased delinquencies among marginal borrowers. Additionally, the chapter discusses the challenges and potential of Listed Investment Trusts (LITs) as investors seek stability amidst changing market conditions.

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