Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Both equity and bond markets are riding high, suggesting an over-valuation in financial markets that is unsustainable over the longer-term. The equity market in the US and Europe stands at a record high, whilst the bond markets appear to be shrugging off concerns around inflation and over-leverage. The bullishness we see in both markets creates …
Continue reading “The calm before the storm – why market buoyancy could be a false premise”
Is the honeymoon period over for the UK economy? The release of new UK GDP figures on Friday shows a slowing of growth from 0.7% in Q4 2016 to 0.3% in Q1 2017. It’s not come as a big shock. Indeed, what has been more surprising is that growth has remained high for as long …
This was not a Budget that will live long in the memory, or the history books. Other than, of course, that under this government and Chancellor, it will be the last spring Budget. Recall though that Norman Lamont also decided to do something similar about twenty years but it never happened – because he got …
Continue reading “Budget 2017 summary – steady as you go or a denial of reality?”