

Spencer Levy is the Head of Americas Research for CBRE, the property consultancy firm. A former real estate investment banker, he has been with CBRE for 10 years. Having trained as a lawyer he moved into business as soon as he could, taking the advice of his father, a...
The major disruptor of retail is not the internet, but demographics

The end of easy money
2017 has been a wonderful year for major emerging markets, thanks to a 7% fall in the US Dollar Index, no hard landing in China, the end of recessions in Brazil and Russia, falls in inflation that enabled central bank easing and stimulated domestic demand, even a...
The end of easy money

Forecasts by George Costanza
In the 86th episode of Seinfield, George, egged on by Jerry and fed up with his lack of romantic and professional success, decides that to succeed he must from now on do ‘the opposite’. It is a triumph, immediately bringing him both a beautiful girlfriend...
Forecasts by George Costanza

The bloodbath in bitcoin has only just begun
Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus JP Morgan did not mince his words. He called bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the 17th century and declared he would fire any...
The bloodbath in bitcoin has only just begun

The anatomy of a British pound collapse
It took a North Korean ballistic missile launch and Hurricane Harvey’s devastation of the $500 billion Houston/Galveston/Corpus Christi economy to push sterling higher to 1.2950 against the US dollar. While the British pound is the most undervalued G-10 currency on...
The anatomy of a British pound collapse