Economists are a little jinxed right now. Whatever they say is likely to happen, the opposite has a funny way of showing up.
Do you remember school days? To be fair, it’s been a while for me.
There was always somebody first with their hand up or the first with a ‘clever’ retort to the teacher. We used to call them smart alecs (or something similar). These were not compliments.
Like millions of others, I’ve been watching Broadchurch, anxiously waiting to see if Mark Lattimer has finally jumped off those iconic cliffs. Unlike millions of others, looking at that sheer drop in Dorset has begun to remind me of asset markets.
The 25-basis-point hike by the US Federal Reserve in March was almost a fait accompli after February’s nonfarm payrolls figure easily outpaced economists’ expectations.
A quick gamble on a flight out of Spain leads head of multi-asset investments David Coombs to ponder the paradox of taking risk off the table.
Arriving at Heathrow T3 after a very chilled out conference in Vienna last week (-8°C), I soon found myself at the end of a mammoth, snaking queue at border control. Only six of the 15 automatic passport readers were operating and just one human was checking travel papers the old fashioned way.
Donald Trump certainly hit the ground running. In his first days as President he inked a flurry of executive orders, bypassing Congress to dismantle many of his predecessor’s policies.
So 2016 was a disastrous year.
Well, we’ve been hearing that a lot, whether it’s the newspaper columnists ranting by the inch, actors whinging at the Golden Globes or economists and strategists griping about politics interfering with textbook theories.