With the UK’s vote for Brexit, Trump’s election, and the rise of Le Pen in France, it feels as if there is a backlash against the “Washington Consensus” and globalisation. Stephen King, economic adviser at HSBC has made this the topic of his latest book, “Grave New World: the end of globalisation, the return of history”.
In this short video, the latest in our series of interviews with authors … Watch the video
I have to be honest here. Even though we sponsor it, whenever I go to the Chelsea Flower Show I am reminded of bleak Sundays being dragged around garden centres as a child, hoping there is at least a pets section with some rabbits or something in it. Or some swings. Nevertheless, many people love flowers and plants.
So, in support of CASCAID, the UK asset management industry’s effort to rais… Read the article
Here is the 10th annual Christmas Quiz. 20 questions, and the closing date for entries is midday on Friday 23rd December. Please email your answers to us at email@example.com. The winner will get glory, and can choose a charity from our approved list to which we will donate £100. She or he will also get a copy of the new Bond Vigilantes book, called “Bond Vigilantes – Part II”. … Read the article
This year is the 10th anniversary of the Bond Vigilantes blog. When we started it back in 2006, rates in the UK had just risen to 4.75%, the US housing market had seen price rises of between 5% and 12% for more than 6 years in a row, and Twitter was a just few months old. Nottingham Forest finished 4th in the Championship, and the Scissor Sisters were number one in the charts with “I Don’t f… Read the article
Professor Robert Gordon of North-Western University was in town this week to give speeches at Prospect Magazine (which is ace by the way) and the LSE. His latest book, “The Rise and Fall of American Growth” was released earlier this year, and is a tremendously powerful antidote to the wave of techno-optimism we might feel when we see shiny electric cars and gadgets coming out of Silicon Valley… Read the article
My book of the year in 2015 was The Rise of the Robots by Martin Ford. I wasn’t alone in liking it; it was the FT McKinsey Business Book of the Year, and set the debate for a year of robotisation stories in financial markets. Last week we held a Bond Vigilantes x Technology conference here at M&G, with great speeches from Diane Coyle on Digitally Disruptive GDP (are we measuring growth or inf… Read the article
Here is the 9th annual Christmas Quiz. 20 questions, and the closing date for entries is midday on Thursday 24th December.
Please email your answers to us at firstname.lastname@example.org. The winner will get glory, and can choose a charity from our approved list to which we will donate £100. She or he will also get a copy of Morrissey’s atrociously reviewed novel, and “Bad Sex” award winner… Read the article
Two things last week that made me go “hmmm”. Firstly: having written a blog on the impact of El Nino on global inflation (here), Anthony was contacted by a company who then came in to see us to discuss their business. Using data from NASA and EU satellites, they produce earnings estimates for retailers, and forecast economic data. By counting cars in Big Box parking lots from space, they gen… Read the article
Richard Koo popped by our office a few weeks ago to discuss his most recent book The Escape from Balance Sheet recession and the QE Trap. You can see the interview here. We asked who was the Japanese prime minister in 1997 who oversaw arguably Japan’s biggest policy error post the collapse of Japan’s debt fuelled bubble, and the answer was Ryutaro Hashimoto.
It is perhaps a little harsh to im… Read the article
For years the Western world mocked Japan’s attempts to recover from its spectacular debt-fuelled boom and bust, blaming the Bank of Japan for doing far too little and far too late, and lamenting Japanese fiscal stimulus as extreme recklessness, where the only achievement has been to propel Japan’s debt levels into the stratosphere.
Now, seven years after much of the developed world’s own debt … Read the article