Amid the gloom on the Eurozone, sluggish growth in the US and worries over a real estate collapse in China, some students ask me if there’s any future for the financial system? Understandably their main concern is jobs. I can … Continued
In the interests of balance, and because frankly I find it more convincing, I must mention another new report from the Peterson Institute for International Economics, by Simon Johnson and Peter Boone. Called “The Eurozone Crisis Deepens“, it rather depressingly … Continued
Even for people who’ve lived their whole lives in the UK, the Scottish independence debate is a bit confusing and perplexing. For those from abroad I know it’s quite bizarre. Here’s some background to a period which might lead to … Continued
A core part of the MFin curriculum is that students produce an equity research report on a company that we choose for them and present their buy or sell recommendation (no holds allowed) to a panel that includes external investment … Continued
The ever-excellent analysis from the Peterson Institute of International Economics continues. A recent paper argues that the Euro mess will be resolved and will leave the European economy and Union stronger than before. Fred Bergsten and Jacob Kirkegaard argue conventionally … Continued
I wish the MFin fees were lower but they are set in line with the market. And student fees are the main source of revenue for Cambridge Judge Business School. The School gives some scholarships and of course there are … Continued
I recently gave a talk to Cambridge alumni on what I think the major Chinese banks might do in the future. I’m giving a version of the talk in Singapore and Hong Kong in February. There is a short video … Continued
It’s customary in Britain to wish people a merry Christmas and a happy new year. This greeting is used by everyone and has no religious connotations. I know that in North America people often say “happy holidays” for fear of … Continued
It is widely believed, especially by Americans, that US capital markets are superior to those in Europe and elsewhere. But whatever the general truth of this may be, in one area the US client gets a far worse deal than … Continued
My old friend and economist at FTI Consulting, Alison Sprague, drew my attention to this graph, suggested for the BBC TV programme “Newsnight” by her colleague Vicky Pryce: There are several excellent graphs submitted by economists on the Newsnight website. … Continued
In the interests of full disclosure and admiration for a good joke, here is the cover of the latest edition of Charlie Hebdo, a satirical French magazine. It’s interesting to see how the French (and perhaps others) see the contemporary … Continued
Amid the continuing arguments about whether the UK started to pack its bags ahead of leaving the EU last week, the more serious problem is that the Eurozone leaders have signed up for a future of deflation, recession and mass … Continued
The Financial Times ran an article yesterday called “US seeks to calm Beijing containment fears“. You may not have noticed but military tension has been rising between the US and China for some time. The word containment is a reference … Continued
Paul Krugman shows in his blog yesterday how relatively minor is the current British debt to GDP ratio by historic standards. I’ve used the same data source (IMF historical debt database) to show the UK and US data, going back to … Continued