Worldwide Financial Planning

If the average family in the UK was earning £1,908.20 in 1951 they would be earning double their annual household spending and be able to save. If they were earning £1,908.20 in 2017, they would be falling short by £25,593.00 and unable to stay alive never mind save.

Investors appear to have grown used to Trump's overactive and unpredictable mouth and seem to be focusing on the real risks including discussions over the debt ceiling.

If Congress fail to agree to raise the cap on how much the government can borrow the US would be unable to borrow more money to pay its bills, which could lead to a credit rating downgrade for the US.

As mentioned last week the South Korean economy would be hammered, and it accounts for 2% of the worlds economy. The war on Syria has cost them 60% of its economy (GDP). The last Korean War cost South Korea 80% of its economy (and 1.2m lives).

This will be a U.S led war on foreign land so consider that in 1952 the U.S government was spending 4.2% of its own economy fighting that war and the Iraq War cost U.S. (actually its tax payer) 5% of a year's economy.

Although this has been a particularly awful week, Thursday's attack in Spain, of which the full details are still unknown as we're writing this, isn't the only outrage to hit the headlines.

At the start of the week another person was killed in similar fashion when a car rammed anti-fascist protesters at a Nazi rally in Virginia.

Undoubtedly, a war with North Korea would have a catastrophic effect on markets. This is a country that independent experts claim have 30 nuclear weapons. (The U.S. states 60). A nuclear power, North Korea definitely is for sure, and the use of nuclear weapons would relegate worrying about the value of your pensions to a secondary concern.

The FTSE 100 is often thought as a bellwether for the UK economy, when it is not. Most of the earning from the FTSE 100 come from overseas so its pretty meaningless. The FTSE All-Share is more reflective but doesn't hit the news as much.

The Dow Jones however, is a chocolate watch. More fake news.