Regular readers will know that I’ve been working on a major report looking at the economic outlook in the context of surplus energy, globalisation and the fall-out from the thirty-year ‘credit super-cycle’. Entitled Perfect Storm – energy, finance and the end of growth, this report is now complete, and will be published in January. Read more
Archive for December, 2012
Germany has been, for many years, a huge net beneficiary of eurozone membership, but there has been a decisive turn in the cost-benefit equation. Do Germans realise that, because the single currency is structurally unworkable, bail-outs to the competitively-disadvantaged southern euro countries are not a temporary phenomenon, but are going to turn into a perpetual life-support system funded, ultimately, by Germany alone? Read more
As things stand, Britain is going bust.
This was the first message that George Osborne didn’t – couldn’t – deliver today. The second, equally-undeliverable verity was that most of Britain’s problems have been self-inflicted. Read more