Interest rates were slashed in the financial crisis and they’ve stayed down — in fact they’re stuck at 300-year lows! However, Bank of England Governor Mark Carney says he finally sees the conditions for interest rates rising on the horizon. And that’s great news for RBS (LSE: RBS) and Barclays (LSE: BARC).
Mark Carney’s Rate Rise Talk Is Music To The Ears Of Royal Bank of Scotland Group plc & Barclays plc
VIDEO: One Fool takes a closer look at Royal Bank of Scotland Group plc (LON:RBS) & Barclays plc (LON:BARC).
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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