

A new golden age looms. Retail has been at the epicentre of cyclical and structural change. Prior to Covid 19, the sector was grappling with rapid ecommerce growth and changing consumer habits. The pandemic compounded those challenges, resulting in severe impacts on...
Retail revival

China’s Covid crisis and the dilemma facing its leaders
By experts who have monitored it since the Wuhan outbreak. More than two years after a deadly strain of coronavirus was first identified in the central city of Wuhan, China remains locked in a Covid crisis. Around 400 million people are currently thought to be living...
China’s Covid crisis and the dilemma facing its leaders

Inflation
The supermarket business model is too fragile to shield customers from rising food prices. Food prices, like almost everything else, are rising fast. There have recently been warnings of ‘apocalyptic’ costs and a declaration that the ‘era of...
Inflation

The tech bubble is bursting
The rise of big tech stocks has been more about valuation than profits. Originally published January 2022. Ruffer LLP A bubble in profitless tech and so called ‘meme’ stocks may be bursting in front of our eyes. But, so far, investors still think there is safety to be...
The tech bubble is bursting

The multi-trillion dollar crypto bubble
Since first espousing it, I have not wavered in my view of the crypto marché. To wit, it is a fiction that ill inevitably be exposed. Now, while the crashing down of the crypto fiction will shock many, it should not come as a surprise at all. That’s because it merely...
The multi-trillion dollar crypto bubble