Like a drug, increasing QE is less and less effective. The actions of the Bank of England post-Brexit are for this reason extremely worrying and will cause many more problems down the road for banking…
July 2016
We can now say that June 23rd is a seminal moment in Great Britain’s history.
The outcome of the referendum was unexpected and extraordinary. The weight of th…
June 2016
It is likely that Britain will vote to Remain on the 23rd June, as the weight of vested interests will be supported by the status quo and the natural desire not to rock the boat! The entrepreneurial and adventurous spirit of Britain which has been waning for many years, will take a further beating….
Chart of the Week: Week 22, 2016: Average House Prices
The Land Registry’s data for the first quarter of the year came out recently, showing a 6.5% year-on-year growth rate in nominal prices for England and Wales, while in London, the equivalent rate was 13.8%.
February 2016
We are in confusing times as the world’s economy adjusts from high to low commodity prices. This adjustment, however, will by the end of 2016 largely have been made and the outcome will be primarily…
December 2015
Apart from the normal and incalculable unknown unknowns, a possible debt explosion or a Putin play, 2016 is likely to see a steady improvement in the economic environment. 2 to 3% growth with near zero inflation is really quite benign. With Governments, albeit at glacial speed…