Abenomics.

Nikkei Veritas – Market Eye column., 7th April 2013 Japan suffers from a barrage of bad advice from economists, in which the new government seems sadly prone to believe. It is assumed that Japan’s economy has performed for many years below its potential and that...

If hopes were dupes, fears may be liars.

Financial News, a Dow Jones Company., 19th November 2012 Without a rise in corporate investment it will be difficult to take a buoyant view of the US economy. Talks on the shape of the US budget have begun. It is now clear that compromise is vital to stop the country...

The Change in Corporate Behaviour.

World Economics Journal, Vol. 13, No. 4 Oct-Dec 2012., 1st October 2012 Key points • Corporate behaviour in the UK and US has changed so that the cash surplus of the business sector has become a structural rather than a cyclical phenomenon. • This has arisen because...

Toolkit for eurozone survival.

Central Banking Journal, 1st March 2012 The eurozone’s short-term outlook depends on markets, voters, bureaucrats and politicians. Its longer term future requires radical change. Andrew Smithers considers the conditions that are needed for the eurozone to...

What Davos could do with bonuses.

Financial News, a Dow Jones Company, 23rd January 2012 More than 2,500 of the world’s top politicians, bankers and industrialists meet at the snow-covered Swiss mountain village of Davos on Wednesday [Jan 25] for the start of the annual five-day conference of...