There is something profoundly disturbing about the reaction to Russell Brand’s rants but it has nothing to do with his garbled slogans or juvenile demeanour. It is rather that many influential people seem to respect the middle-aged comedian’s views. His recent appearance on the BBC2 Newsnight programme was more of a tirade than an interview. Much of […]
Fund managers may not realise it but they are already being set up as scapegoats for the next financial crisis. Banks got most of the blame for the 2008-9 crisis, and were severely criticised for their role in the eurozone’s troubles, but it looks like asset managers could be next. Just look at the latest […]
This is my column for the October issue of Fund Strategy. Few seem to have noticed how the role of mainstream economics has changed in recent years. In many cases it could reasonably be called the art of making excuses for poor economic performance. Until a few years ago, many policymakers were congratulating themselves on […]
The world’s economic fortunes depend more than ever on China’s performance. So when an expert claims that the Asian giant is facing formidable challenges his arguments should be considered carefully. Fraser Howie certainly qualifies as a specialist in Chinese finance. He has written three books on the subject including most recently Red Capitalism:The fragile financial foundations […]
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