Lockdown and the Election

How many trillion must unrealised losses be before they matter?

Yesterday’s analysis of the banking crisis we face was disappointingly vague. But at least we got much of the theory out of the way. Today,…

When Canary Bank drops dead, you don’t stay in the coalmine

If a canary in a coalmine drops dead, do you spend your time debating whether bird flu is contagious or not? That’s what all the…

Is the FTSE 100 designed to always win?

Last week the financial news headlines were littered with exciting, positive reports about the stock market reaching new ­all-time highs! Could it be that it’s…

The truth about inflation emerges at last

The great debate of 2022 was about the nature of our inflation. 2021 was the year in which it was settled that prices would go…