Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
In a moment of hubris, or scenting what seemed like an opportunity, Theresa May called a UK general election believing the Tories to be unchallengeable. Her promises of stability and security now look especially ironic, as the UK faces yet another bout of political uncertainty. Challenges within the UK have hardened The challenges we had …
In last week’s blog I mentioned the over-valued credit markets in China as a key risk to financial market stability. This week saw Moody’s downgrading of China’s credit rating and its outlook for China changed from stable to negative. The slowing of growth Despite economic stimulus, GDP growth has fallen pretty steadily since 2010 and …
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”