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The inflation bear economist

My World 2021

My world: June 2021…

This is part of a series of articles where our contributors describe how they think things will look a year from now.

As each day blends into the next and each week feels much the same as the last, I recall an old cartoon, depicting two bearded and disheveled prisoners, chained hand and foot against a wall. One says to the other: “I keep thinking it’s Tuesday”. If life seems increasingly repetitive and I begin to wonder if those work shirts will ever be needed again, I remind myself that I am immensely grateful to be at home – which is comfortable and spacious – with an open outlook and rolling countryside and to have a business that does not require me to travel.

My closest brush with Covid-19 was that weird week in March, just before Europeans were banned from travelling to the US, and I watched New York City start to empty out. I spent my last evening listening to a cello and piano recital at Carnegie Hall. The Rachmaninoff was suitably doleful, matching the mood of both Wall Street and Main Street. I will remember the private lunch in what should have been a popular, vibrant restaurant, but on Friday 13thMarch, was strangely sparse with voluntary social distancing already apparent.

My World 2021

About Peter Warburton

Peter Warburton

Dr Peter Warburton is director of Economic Perspectives Ltd, an international consultancy, and managing director of Halkin Services Ltd. He was economist to Ruffer LLP, an investment management company, for 15 years and spent a similar length of time in the City as economic advisor and UK economist for the investment bank Robert Fleming and at Lehman Brothers. Previously, he was an economic researcher, forecaster and lecturer at the London Business School and what is now the Cass Business School. He published Debt and Delusion in 1999. He has been a member of the IEA’s Shadow Monetary Policy Committee since its inception in 1997. He is a contributor to the Practical History of Financial Markets course run by Didasko, an education company, at Edinburgh University, and teaches occasionally at Cardiff Business School.

Articles by Peter Warburton

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