Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
As a wit once said, forecasting is extremely difficult, especially about the future. With good reason, as some events occur only once in a century. Yet, we’ve had two of those ‘black swan’ type of events in the last ten years. So, this is not attempting to forecast what will occur this year; it is …
Continue reading “A look ahead to what 2022 may bring – turbulence”
Imbalances in the financial sector or the real economy – the usual trigger for recessions – have been markedly absent from the current global economic downturn. Instead, the cause this time was a government-mandated shutdown of the economy owing to a global health crisis. The end of shutdown will see economic growth resume (as indeed …
Continue reading “Capital markets are increasingly unmoored from the real economy”
As new cases of the Coronavirus – COVID-19 – outside of China exceed those inside for the first time, we have to ask ourselves what next? Looking at the reactions of financial markets, governments and people around the world, fear seems to be settling in. The reaction of the financial markets has been growing in …