Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Last year was turbulent for the world economy, and this one may be no different. The Russian invasion of Ukraine in 2022 had its full effect in 2023, reducing real incomes by pushing inflation up, particularly for food and energy. In addition, interest rate increases, put in place to fight the sharp rise in inflation, …
Continue reading “Another turbulent year looms – but so do opportunities”
As expected by current financial markets pricing, the Bank of England (BOE) raised interest rates to 5% in June, half a per cent up from the May level of 4.5%. The increase was not unanimous, just as the previous one was not, with two members voting to leave rates at 4.5%. Interestingly, the two members …
Continue reading “Bank rate overkill? Could a 5% rise trigger recession?”
Global financial markets are seeing the most significant banking market-driven turmoil since 2008/9, the first bank failures in the US since Washington Mutual in 2008 and a sharp fall in bank stocks. US monetary authorities reacted quickly, injecting liquidity, and guaranteeing deposits. But bank stocks around the world are generally lower than they were before …
Continue reading “A rerun of 2008 or a ‘Storm in a Teacup’?”