Page 37 - DIY Magazine September 2018

• Paragon 6.125% 2022
• Burford (BURLN) 6.5% 2022
• Intermediate Capital Group 5.00% Mar 2023
• RCB Greensleeves Homes Trust (GSHT)
• Italy (Republic of)
In summary, 10 years on from a catastrophe has the world recovered? Well, yes and no.
Yes, central banks saved the banking system, stock markets have recovered, unemployment is ‘low’ by many past measures, as is inflation.
No, because we have had a steady recession that we haven’t noticed, evidenced by the lack of wage growth for the majority of the population.
A final thought; if youth is our future we aren’t doing much to help them. In this example the percentages quoted for youth employment is based on those younger than 25:
• Greece 42.3%
• Spain 35%
• Italy 31.7%
• Great Britain 11.5%
Source: https://www.statista.com/statistics/266228/ youth-unemployment-rate-in-eu-countries/
Recession what recession?
37 DIY Investor Magazine | Sep 2018