Serious investment thinking that doesn’t take itself too seriously.
Many, too many, have stood where I stand. Many more will stand here too. The markets have been casting a wary eye on rising CRE losses – figuring these may trigger a renewed bout of banking weakness, but the reality is the market has to cope with normalised interest rates and changed demand...
While decomposing inflation into its constituent parts is empirically tricky, its essence is simple. Inflation results from too much money chasing too few goods. Milton...
Time and again during the Congressional hearings on the January 6 attack on the Capitol, the legislators and witnesses struggled to understand how Donald Trump could just...
Most people refuse to compromise on territory, but willingness to make peace depends on their war experiences. The war in Ukraine shows no signs of ending soon. Ukraine is...
Here’s how to keep them high while avoiding riots or hurting the poor. In the UK, it now costs more than £100 to fill up a typical family car with petrol, and oil prices...
Western sanctions are partly to blame. In the days after Russia invaded Ukraine in February 2022 and the west imposed sanctions, the rouble collapsed. The number of roubles to...
Lessons learnt by a new boy. In 2021 some distinguished real estate figures, and me, started an entity to help the UK’s most disadvantaged students and, specifically, to...
(and what can you do about it). Inflation is expected to exceed 10% later this year and could stay above 5% through 2023, 2024 and perhaps even longer. And that may be...
It won’t control interest rates and inequality will widen. The UK local elections in May saw gains for nationalists in Scotland and Northern Ireland, raising the prospect of...
By experts who have monitored it since the Wuhan outbreak. More than two years after a deadly strain of coronavirus was first identified in the central city of Wuhan, China...