Lockdown and the Election

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

Digital, or fool’s gold?

Bitcoin’s Trump-pumped rally has now taken it to the landmark $100,000 level. Crypto has certainly caught the zeitgeist. But gold, too, remains in a bull market and should have a place in all investors’ portfolios.

Three converging megatrends, and the uncomfortable feeling of change

Bitcoin, AI and Silicon Valley’s new political clout add up to a shift in the global order, and you can feel the ground shaking…