The Financial Outlook for Personal Investors: The 50th anniversary of the demise of Bretton Woods

Russ Mould, Investment Director of A J Bell, and a history buff, considers similarities between today's financial environment and the closing of the gold window by President Nixon in 1971, since when the dollar has lost 85% of its purchasing power. He explains why it might make sense to buy toys early for Christmas and why investors might want to pay attention to the level of margin debt in the United States (one of the frothy areas of the market), as it has just dipped for the first time since February 2020.