When soaring profits are a bad sign for stocks

“Profits in the UK are soaring: they’re up 73% at the biggest 350 companies compared with pre-pandemic levels.” It sounds great, doesn’t it? That is…

The stagflationary black hole it’s too late to escape from

For decades now, economists have warned about the impending demographic time bomb of an ageing society. It’s a prognosis that caught on shortly after they…

A metals-led commodities supercycle

If it takes a decade to create a mine, how do supply and demand for commodities find an equilibrium? Badly. The commodities supercycle is driven…