The victory of left-wing anti-austerity party, Syriza, in Sunday’s Greek election has reignited concerns about the potential for Greece to default on its debts, and the country’s future in the euro. While Syriza leader Alexis Tsipras has expressed the intention to renegotiate the terms of Greece’s bailout, he has been… Read the article
Month: January 2015
The temptation when giving opinions on topics that have already been very widely commented on is to try and offer a surprising new perspective. We are supposed to find an angle no-one else has considered and present a conclusion so elaborate only expert insight and complex analysis could have come… Read the article
In these early stages of 2015, it is interesting to think about what the global investment landscape looked like this time last year, and what we have experienced since. Despite an often turbulent market environment, it is not obvious to us that there has been a material change in the… Read the article
We need more cash, not less.
Many economists just assume that central banks have hit “the zero bound” on interest rates and that conventional policy is thereby exhausted. Take Ken Rogoff’s bizarre proposal as an example:
“The idea of finding creative ways to get around the zero bound… Read the article