Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Based on the post-war record of UK economic expansion, we may be about to experience a sharp slowdown (see chart A). Latest figures show that the UK grew by 0.4% in the final quarter of 2017, down by 0.1% from an earlier estimate of 0.5%. In the year as a whole, the UK economy expanded …
Last week’s MPC committee witnessed the widest vote split since 2011, with three out of the eight economists on the MPC voting to increase interest rates by a quarter of a per cent. Bank of England Governor, Mark Carney voted against a rise, a position he defended in his Mansion House speech on Tuesday. A …
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”