Archive for October, 2013

I will be speaking at the Battle of Ideas satellite debate on “Trade or Aid?” in Oslo on Thursday 7 November.

It is hard to imagine any convincing moral defence of redistribution from the relatively poor to the wealthy. Yet that is precisely what seems to be happening with quantitative easing. Several important figures in the financial markets have raised this reverse Robin Hood effect recently. Nigel Wilson, the chief executive of Legal & General, described […]

Western commentators are often far too quick to draw sweeping conclusions about China on the basis of limited knowledge. I was reminded of this tendency after following discussions about an article in the Financial Times about young Chinese allegedly shunning factory jobs. The article was based on an interview with Terry Gou, the founder of […]

Novo Argumente has published a German version of my article on “Who’s afraid of inequality?”. It was published in the Dutch edition of Ode (the Optimist) in May and in The Intelligent Optimist in English in June (although only the first part is available online). Viele Menschen sind der Auffassung, das schwerwiegendste gesellschaftliche Problem unserer […]

My piece on trends in household income in the advanced economies was published today in the annual world economy survey in the Financial Times. Beyond the truism that financial crises and recessions are painful, the advanced economies have had widely divergent experiences in recent years. This is clear even at the level of economic growth. […]

On Sunday 20 October I will be speaking at a session on “Pathologising Israel” at the Battle of Ideas festival in London. The other panelists are (Lord) Paul Bew, (Baroness) Ruth Deech and Ben-Dror Yemini (Yemini’s Hebrew language columns in Maariv are available here and his blog is here).

This column was first published on Wednesday in Fund Strategy. Financialisation is one of the most important trends in the world economy. It is also one of the most misunderstood. In the mainstream discussion the term generally refers to the ascendancy of finance. This can take many forms but the main thrust of the argument is […]

I had not expected the audience of Chinese financial regulators to laugh hysterically at my remarks on the eurozone economy. It took a further five minutes for their conversations in Mandarin to subside. The subject of my talk, the future of the eurozone, normally invites anxiety rather than mirth. My goal was to outline the […]

This article, more technical than most of my pieces, discusses the factors driving the gold price. It was first published in this month’s issue of IPE magazine. Gold probably evokes more passions than any other natural resource or even perhaps any asset class at all. For some it should be seen as more-or-less like any […]