Subscribe now

Victor Hill

“Populism” and the Age of Disruption

“Populism” and the Age of Disruption

13 mins. to read

The future of politics This week I want to talk politics without getting (party) political. Like many others, as an analyst and investor, post-Brexit and Trump, and with Marine Le Pen likely to win the first round in the French presidential election on 23 April, I have been trying to figure out what it all…

Oil majors consider their future

Oil majors consider their future

8 mins. to read

A vertebra in the spinal column of the world economy is causing pain. As I write the price of Brent Crude is at US$59.99. According to the Knoema[i] website, the break-even oil price ranges from US$149.90 in Venezuela to US$60.50 in Qatar. So, on that basis, almost no one is making money in oil right…

The twilight of the bankers

The twilight of the bankers

1 mins. to read

They nearly blew up the world with crazy exotic instruments called derivatives, conceived in an orgy of greed. They were bailed out by panicked governments who thought they were “too big to fail”. They were subjected to new rules because everyone knew that their much vaunted “risk models” didn’t work. And then they were challenged…

Warning: Central banks to launch digital currencies…

Warning: Central banks to launch digital currencies…

11 mins. to read

The Illuminati are plotting… One of the themes I have returned to again and again over the last eighteen months has been how the priestly caste of the world’s central bankers, disproportionately drawn from the upper echelons of Goldman Sachs – a kind of mysterious, self-perpetuating, secretive elite which I (only half-jokingly) call the “Illuminati”…

The New Big Idea – the Universal Basic Income

The New Big Idea – the Universal Basic Income

11 mins. to read

Suddenly, the idea that all citizens should be paid a basic income by the state is becoming topical across the world. While we associate this idea with the political left – the French Socialist Party candidate in the forthcoming presidential elections, Benoît Hamon, has made it the cornerstone of his programme – it also has…

The UK Government’s debt pit deepens

The UK Government’s debt pit deepens

6 mins. to read

Amidst the furore over the prospects of a hard Brexit and President Trump’s immigration policies, the dry subject of our national finances has been overlooked. So may I have your attention please? Last year the United Kingdom’s national debt increased by £251 million every day. Sobering news The latest news on UK public finances is…

When Theresa met Donald

When Theresa met Donald

12 mins. to read

Suddenly everyone is talking trade deals – while TTP and probably TTIP bite the dust. Why does President Trump prefer bilateral trade deals to multilateral ones? What will the markets make of it all? And what happened when Theresa met Donald? Ciao TTP On 23 January President Trump signed an order to junk the Trans-Pacific…

The most unlikely President ever?

The most unlikely President ever?

11 mins. to read

On the day that the 45th President of the United States of America assumes office, during Davos week, I recall the observation of a great contemporary economist. Harvard’s Ken Rogoff (I have often mentioned his work in these pages, especially This Time it’s Different – Eight Centuries of Financial Folly) was at Davos last year.…