The recession of 2024

Last week we learned that the UK economy has contracted slightly for two months running. But a deeper look at the data shows that the private sector has been in recession all year. Will 2025 bring more of the same?

The anatomy of an anti-bubble

The war on woke, US exceptionalism, stock market opportunities and the ESG anti-bubble

Why the second wave of inflation cannot be like the first

The velocity of money does not have the same impetus to spike as it did in 2021. Because we won’t be exiting a lockdown again anytime soon. And yet…