The end of the Exponential Age

We live in an exponential age. Our pension funds presume 7% compounding returns. Our central banks target 2% compounding inflation (emphasis on target). Our GDP…

How high can interest rates go before the crash?

It’s reverse limbo at the Bank of England. How high can interest rates go before disaster strikes? And will the Old Lady of Threadneedle Street,…

We know bubbles burst… but do we act like it?

You might not think that economics and financial markets lend themselves to beautiful prose. But you’d be wrong. Especially when it comes to the nature…