Economics & Markets

The New Big Idea – the Universal Basic Income

Suddenly, the idea that all citizens should be paid a basic income by the state is becoming topical across the…

The risks are piling up in 2017

2017 has only just begun, but it is already filled with a long queue of risky upcoming events, of which…

America’s forthcoming trade wars with China – and Germany

The Year of the Fire Rooster My Chinese friends tell me that the auguries of the Chinese New Year are…

The death of narrative

2016 incorporated many themes, but the one I would suggest is most pertinent to private investors could be called ‘the…

The UK Government’s debt pit deepens

Amidst the furore over the prospects of a hard Brexit and President Trump’s immigration policies, the dry subject of our…

Volatility is at record lows – but for how long?

Since Trump won the U.S. election, markets have been flying higher without pause for breath. The Dow, for example, is…

Mellon on the Markets

I made a speech a few days ago to a gathering of property entrepreneurs in London. I intended to speak…

When Theresa met Donald

Suddenly everyone is talking trade deals - while TTP and probably TTIP bite the dust. Why does President Trump prefer…

Brace for impact: How to protect your portfolio using options

The last two months and a half have been extremely positive for equities, for the U.S. dollar, for commodities, and…

The most unlikely President ever?

On the day that the 45th President of the United States of America assumes office, during Davos week, I recall…