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An update on where I think we are in the business cycle with respect to growth, inflation and markets

Now is the time for a truly bold asset allocation

When the time comes, will central banks prioritise employment or inflation?

Irresponsible reporting about real wage growth by the BBC encourages public sector workers to strike

Central banks were ill prepared for covid but then several decades of disinflation had made them and many others complacent

Patterns in financial markets relate to human behaviour, the business cycle, and longer inflation cycles

Can the latest US jobs and inflation data suggest that the economy is heating up and cooling down at the same time?

Will tighter monetary policy in the US induce a gentle easing in labour market pressures or something unpleasant?

An appraisal of the fundamental reasons for buying gold

The outlook for gold in the context of its long-term price trend

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?

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

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

Be careful what you wish for

US treasury secretary Janet Yellen is losing her credibility

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

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

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

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...