Monetary policy reaches sell-by date for managing the economy
27th February 2017 by

Monetary policy used to be the main focus for running the economy.  If demand and inflation rose to...

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Recession the base case scenario for 2017
9th January 2017 by

It is hard to be optimistic about the outlook for 2017. The good news is that policymakers are fina...

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London house prices start their collapse
12th December 2016 by

London’s house market has been slowing for some time, as I noted last year.  The issue is aff...

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Central banks defy slowing global economy by destroying markets’ power of price discovery
3rd October 2016 by

Markets have one main function in life – price discovery.  If I want to buy, and you want to ...

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Bank of England’s new stimulus policy creates bankruptcy risk for corporate pension funds
12th August 2016 by

The Western BabyBoomers (born between 1946-70), have been one of the luckiest generations in history...

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Brexit a disaster for the UK, Europe and the world
27th June 2016 by

First, the good news.  It has long been recognised that the UK economy is over-dependent on financi...

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Oil market speculators profit as central banks hand out free cash
21st March 2016 by

Oil markets are entering a very dangerous phase.  Already, many US energy companies have gone bankr...

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If only the central banks could print babies
19th February 2016 by

The Financial Times has kindly printed my letter below, arguing that central bank stimulus can’...

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Tokyo, Shanghai stock markets fall; yen rises 8% in 2 weeks
15th February 2016 by

Pity poor Janet Yellen, you might say.  The head of the US Federal Reserve told the Senate last wee...

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