Population decline is something of a hot topic at the moment, and it’s not difficult to see why. Over the last few years, a growing body of research has shown that global population growth is slowing down and will likely drop into negative territory within the next few decades. A University of Washington study published…
One of the big challenges we see for investors today is the disconnect between the investment returns that have been realised over the past few years, and the likely investment returns that await us in the years ahead. At face value this disconnect is easily understood. Recent history has been spectacularly good for most asset…
‘A lot of people die fighting tyranny. The least I can do is vote against it’. Carl Icahn. Capital markets have been wonderful inventions. Freed from self-interest and patronage, they allow Adam Smith’s ‘invisible hand’ to unemotionally allocate scarce capital around the economy – investing where it will be most productively used. Society as a…
“OK boomer” You probably recognise the phrase. Among some Millennials, Generation Zers and maybe even Gen Alphas, it’s the verbal equivalent of an eye-roll. A way for young people to breezily dismiss the attitudes and opinions of Baby Boomers who they disagree with (or with whom they disagree, depending on the generation reading this article)….
The ability of countries to support their economies today turns on fiscal practices that were set well before this crisis. Even before the arrival of Covid-19, there were few topics as polarising in politics and economics as the size and rectitude of government debt levels around the world. In the face of the ‘once in…
