Serious investment thinking that doesn’t take itself too seriously.
Leading economists share their thoughts on money, rates and prices
If asked to separate forecasting consistency from obstinacy, my reply is categorical. Consistency is sticking to an economic prediction based on fundamentals; an outlook one must persist with, until & unless something occurs to markedly alter matters. By stark contrast, obstinance is...
If, as seems very likely, Parliament decides to endorse the Government’s plans to approve the building of a third runway at Heathrow Airport later today, there remains a very...
If you were to invent an immigration system from scratch, only a lunatic would come up with the bureaucratic mess we have in the UK. Fortunately, new Home Secretary Sajid Javid...
2018 has registered a very healthy start with strong global GDP growth and historically low G7 unemployment rate. The global economy is poised to record the fastest growth (3.1%)...
According to the World Bank, the true and proper economic emancipation of women would make the world $160 trillion richer. However, this eye-catching figure gets things the wrong...
To extend credit to people in the knowledge that they are unlikely to repay is decried by some as predatory lending. Those suspected of engaging in this practice will face scorn...
Getting rid of a unit of currency is a step usually only taken in extreme circumstances or after long, careful planning — Zimbabwe’s battle with hyperinflation is an example of...
Politics can often feel like a tug of war between two opposing tribes. On one end, small government conservatives pull society towards free markets and away from the forces of...
Whatever the popular story of the time, the reason that cycles come to an end is that central banks raise interest rates to suppress inflation. Initially, business and consumer...
The Resolution Foundation recently proposed to introduce a “citizen’s inheritance” of £10,000 in order to offset the growing wealth gap between generations. Free-market...