Paper gains are only potential profits

Every day of our pre-lockdown world I would exit London Bridge station and walk past Guy’s Hospital in Southwark on my way to the Southbank…

Uncharted waters in debt, inflation and demographics

Even central bankers are worried about the housing bubble this time. Meanwhile the market pundits who warned us about a crash in 2007 are calling…

The many guises of inflation

Today’s Fortune & Freedom digs deeper into our long-running topic of inflation. Yesterday we distinguished between asset price inflation, focusing on house prices, and consumer…