Labour’s budget boondoggle

Labour’s “trick-or-treat” Halloween budget may have been a treat for public sector workers, but it’s shaping up to be a trick for everyone else. Financial markets have responded with scepticism – bond yields are climbing, and the pound is sliding.

What if central banks and governments cannot engineer inflation?

Until inflation broke out in 2021, the biggest mystery facing investors was why it hadn’t surged in the years before then. It wasn’t for want of trying.

Why I’m having second thoughts about inflation and bonds

If we go back to a world where central banks and governments are unable to engineer inflation then the investment landscape looks radically different.