My favourite Sunday articles
I thought I'd highlight a couple of articles I particularly liked in today's papers.
Over Christmas I said in passing that an ageing population would eventually slow down stock market growth.
If you think my view is overly pessimistic check out Cloud of ageing has a silver lining for investors by Tom Stevenson in today's Telegraph. Stevenson, a fund manager at Fidelity, highlights how an ageing population might boost the share prices of some companies over the long-term. He cites healthcare stocks, care services, travel firms (think cruises) and more. Worth a read.
My second favourite piece today was in the Observer: Cameron and Osborne are rewriting economic history. Here's the money quote:
"The rate at which Cameron and Osborne are doing their own rewriting of history is breathtaking. They were all in favour of Labour's public spending plans when in opposition; but now, it seems, it was those plans of which they approved that led to the deficit problem, and the world financial crisis had nothing to do with it."