Helping you navigate the new normal
The Financial Times has kindly printed my letter below, wondering why the US Federal Reserve still fails to appreciate the impact of the ageing BabyBoomers on the economy Sir, It was surprising to read that the US Federal Reserve is still puzzled by today’s persistently low levels of inflation, given that the impact of the ageing […]
The Financial Times has kindly printed my letter below, suggesting that President Trump’s focus on tax cuts is misplaced, given the headwinds created for spending and economic growth by today’s ageing US BabyBoomers. Sir, Gillian Tett provides an excellent analysis of the wishful thinking that seems to dominate US economic policy today (“Trump tested as […]
It is is 10 years since the US subprime bubble began to burst, with disastrous results for the US and global economy. The US Federal Reserve had created the bubble in the belief that higher house prices would boost the economy. It then made a bad situation into a disaster by refusing to accept that […]
Suddenly, people are starting to talk about China and the risks it creates for the global economy. There is a lifecycle to the way that such issues develop in the general consciousness, as John Mauldin has observed. And so this development suggests that we are now well along the process, as highlighted in the chart above: […]
The US housing market collapse has wiped out $6tn in wealth since it began in 2006. But even today, little is being done to solve the critical issue – that homeowners took on too much debt, which will never be repaid.
As a result, the situation conti…