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In a recent op-ed, IMF chief economist Gita Gopinath noted that: “For the first time, in 60% of the global economy – including 97% of...

As many will know from bitter experience, a crisis often has two stages. The first is the crisis itself, whether a natural disaster that...

There is little doubt that low interest rates have been causing savers and investors difficulties in recent years. In decades past, not...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. The very rapid...

In last month’s column I wrote about the yield curve – the difference between long-term and short-term interest rates – and how its...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Since the Great...

Here’s an interesting question: do the low or negative long-term real interest rates that prevail around the world signify a bleak...

High wealth inequality is being increasingly cited as one of the main causes of the structurally lower growth that much of the world,...

Having written about secular stagnation and the natural rate of interest in my August letter, it was interesting to see San Francisco Fed...

For savers, the combination of lower investment returns and rising longevity is a toxic combination. In days gone by one may have only...

One of the most interesting features of global financial markets over the last 20 years has been the inexorable decline in long-term real...

While it is far from clear what its long term impact will be, Britain’s vote to leave the EU has shone a light on the growth problems in...

There is much that can be written about the referendum result. Indeed, much already has been. I shall try to keep this simple and focus...