It often pays to listen to central bankers. That may seem like an obvious statement. But often you actually have to listen to them – you can’t rely on reports in the media. Every now and then, the most important statements are ignored or under-reported.
This month’s Bank of England… Read the article
In a recent speech to the IMF, Larry Summers kicked-off a collective outpouring of pessimism among the economics profession. The only thing reassuring is that when this many economists agree about a prognosis, it is usually wrong. Not because their analysis is flawed, but often because things happen which… Read the article