The absence of any relationship between the monetary base and inflation means no one has any real idea of where the economy is heading. So how can the authorities control inflation and sustain above trend growth? John Clarke, chief investment officer at GHC Capital Markets, explains.
Not so very long ago, we were told by numerous wise economists – albeit mostly those from a naïve Keynesian background – that central banks’ dalliance with quantitative easing from 2009 onwards was guaranteed...
What made financial headlines over the weekend?
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch