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…
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…
August 2015
The decline in growth in China is contributing to depressing the prices of commodities and the knock-on effect for Africa, Latin America and even Australia is depressing their economies. The economic pain in Latin America …
January 2015
A view of the world must include a reference to the Ukraine. This unholy mess is potentially a major headwind for European stability and it is difficult to see how it can be resolved. Hopefully at the least it can be contained and possible discussions that are scheduled …
August 2014
Global trade and a great deal of prosperity generated over the last decade or so has depended on the free movement of goods and people. In the last few months there has been an insidious and growing disruption to both. The shooting down of the Malaysian airliner over Ukraine has caused a hidden but very major disruption to airline routes. It had been assumed that airlines …