Macro

The developed world has had it good for too long

How credible is the message from central banks that they can and will bring down inflation?

In the interests of complete openness...

Be careful what you wish for

A look at the last hundred years of US fiscal and monetary policy

There is little consensus currently about how weak the UK economy will get in the next year or two as a result of the prevailing high...

There is no correct answer to this question - other than that before 1973, none of it! - as it is impossible to separate out effects of...

At the time of writing, global equities are up around 17% in US dollars year to date. Sterling weakness has added a further 3 percentage...

Why should the QE of the last 15 years be causing inflation only now?

If nobody mentions excessive fiscal spending, did it ever happen?

It's not about cycles and trends, but pattern and randomness

US treasury secretary Janet Yellen is losing her credibility

It is important that governments are honest about what is causing inflation

Signs point to the start of a bond bear market Since their peak on 4 August 2020, long duration Treasuries are down 40% in real terms....

I remember with amusement a presentation some years ago by a technical analyst, a so-called chartist.

There is no bigger question for investors currently than where UK consumer price inflation is headed in the medium term.

Perhaps quantitative easing was inflationary after all

The Magic of Fractional Reserve Banking

The combination of central bank weakness and fiscal policy error is a toxic one

Lazy advisers who put clients into bonds should face the music in court

Winter of '69
I see little sign of such honesty and humility today which is concerning to say the least.

Next week I will post my latest What Investment magazine column in which I wrote about the difference between cyclical and structural...

Understanding the basic science behind man-made climate change can give investors an edge. However, for the non-expert.

How can young people be helped to reach this epiphany sooner?