Monday, 23rd November 2009

 

2 July 2009 - Press Briefing

Spectrem survey signals millionaires’ scepticism over market rally

The Spectrem Group’s Millionaire Investor Index last month posted its biggest decline in over five years, falling to an overall level of -20 at the end of June, down from -2 a month earlier, according to a report in Investment News.

The decline signalled the respondents’ serious reservations over the economy and the broader political environment. Spectrem’s Affluent Investor Index also slid, dropping from a -12 at the end of May to a -20 at the end of June.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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