War on Terror II: The Janus-Faced Kingdom
In 1744 in the Arabian city-state of Al-Diriyyah, a prominent Muslim cleric by the name of Muhammad ibn Abdul-Wahhabi came…
9 years ago
Economics & Markets
Some thoughts on the Chancellor’s Autumn Statement
Last week I was at an event held by the FT where the guest speaker was Paul Johnson from the…
9 years ago
Mercifully, the ECB under-delivered
Yesterday, the ECB extended its QE programme until March 2017, cut its deposit rate to -0.30pc and extended its asset…
9 years ago
What the theory says about the January Effect
We are now approaching the Christmas season during which people prepare to take a small holiday and to make a…
9 years ago
Government finances – the mint with the hole
Five days before Mr Osborne gave his Autumn Statement the UK Government released its latest borrowing figures. They should have…
9 years ago
War on Terror II: How the Markets will Respond
Tomorrow (Wednesday, 02 December 2015) the United Kingdom, barring some unforeseen upset, will formally enter War on Terror II. Given…
9 years ago
Emerging markets are the victims of central banks
After more than a decade of easy money, the emerging world is nearing a downturn (if not a collapse), as…
9 years ago
Mellon on the Markets
As I write this, I am on a working Norwegian ferry, hugging the coast between Bergen half way up and…
9 years ago
Mr Osborne’s Conjuring Trick
Back in July I wrote a piece on Mr Osborne’s budget (Mr Osborne’s Brave New World) in which I praised…
9 years ago
The Pantomime Season and the Chancellor’s Autumn Statement
It is delightful that Her Majesty’s Government has arranged its communication of fiscal policy to serve also as a means…
9 years ago