Nickolai Hubble

Could another energy crisis reignite inflation?

Well, it’s that time of year again. Our now traditional annual energy crisis is already on the way. And so we’re all going to have…

Why energy markets offer the best mispricing opportunities for investors

Prices are the street names of the economy and financial system. They define where you go, how you get around and where you are. Without…

Here come higher interest rates, at last

The Bank of England’s Christmas present to the economy in 2021 was the first post-pandemic interest rate hike amongst large, developed economies. Back then, the…

Welcome back to the 70s re-enactment

Labour is taking the low road, and the Conservatives the high road, but they’re both taking us back to the 70s. Strikes, inflation, price controls,…

Welcome back to the 70s re-enactment

Labour is taking the low road, and the Conservatives the high road, but they’re both taking us back to the 70s. Strikes, inflation, price controls,…

You’ll never see me again… unless net zero is abandoned

I recently flew to Melbourne, Australia, to attend an ideas summit with fellow newsletter editors. My own speech about net zero came to a simple…

Net zero’s Tavistock moment

Which sort of transition is more controversial these days? Gender transition or energy transition? Net zero or Tavistock? From unquestionable orthodoxy to favourite opinion column…

Why fossil fuels are the best way to play net zero

With much of the developed world now committed to net zero, the hunt is on for how investors should play the theme. After all, we’re…

Will the bond market bring down the government again?

Back in October, the UK government was brought down by the bond market. The Truss/Kwarteng budget triggered a crash in UK government bonds, driving borrowing…

Will the bond market bring down the government again?

Back in October, the UK government was brought down by the bond market. The Truss/Kwarteng budget triggered a crash in UK government bonds, driving borrowing…

Why gold is the go-to in a multi-polar world

All around the world, nations are seeking ways to escape the tyranny of the US dollar. As Russia discovered the hard way, it is no…

The week the Brexit dream died

The whole point of Brexit was to diverge from the EU – to dump their defunct laws and make the UK economy competitive with new…

The week the Brexit dream died

The whole point of Brexit was to diverge from the EU – to dump their defunct laws and make the UK economy competitive with new…

The end of a 20-year bear market in the FTSE 100?

I do very much enjoy the old myth that stock markets like the FTSE 100 go up in the long run. It’s always good for…

Bond bombing central bankers’ Wile E. Coyote moment

We remember Guy Fawkes as the last man to enter Parliament with honest intentions. But I don’t think central bankers will get away with the…

The extremely unlikely reincarnation of William Jennings Bryan: Hugh Hendry, “Acid Capitalist”

It’s supposedly the most famous speech in American political history (although Abraham Lincoln might not agree). And it’s just been given again, by a most…

There is only one blob in Westminster and it’s called the Conservative Party

The government is too busy creating new onerous laws to rescind the ones the EU forced on us. They’re blaming a Westminster Blob for the…

Competing currencies aren’t just possible, they’re here already

A few weeks ago, I wrote an article about competing currencies and allowing the private sector to provide our money. No doubt most of you…

The only thing we have to fear from AI is our overreaction to it

Every new technology faces opposition from those who believe it will harm them. The Luddites are the most famous example. Artificial intelligence (AI) is the…

The only energy transition investors need to focus on

When did it become cool to criticise net zero? After spending most of February and March writing an unexpectedly large report on the implausible energy…