Edward Hadas is Economics Editor at Reuters Breakingviews. He joined Breakingviews in both 2004 and 2011, with a year in between at the Financial Times as Assistant Editor of the Lex column. Before becoming a journalist, he worked for 23 years as an equity analyst in Europe and the US. He has written a book, Human Good, Economic Evils: A Moral Approach to the Dismal Science (ISI Books, 2007), and a course-book about political philosophy for the Maryvale Institute in Birmingham. Edward has degrees from Columbia University, Wadham College, Oxford and the State University of New York at Binghamton. He has a website, edwardhadas.com. Follow Edward on Twitter @edwardhadas
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The emirate is rightly seen as extraordinary for its rapid growth in population and wealth. But it also brings into sharp focus the global inequality of income, the materialism of modern economies and the trend to trust an all-knowing, all-powerful government.
A safe-haven currency can invite economic trouble. The Swiss central bank is up to the challenge. It started with market intervention and has now introduced a negative overnight rate. The Swiss realise that money is more of a policy tool than a store of value.
Since 2009, each new calendar year has brought declarations of the end of the crisis and predictions of an economic upswing. This time the mood is gloomy, and with reason. Weak growth turns out to be the new normal, not part of the transition.
- Equities torn between oil and finance
- Edward Hadas: Making money safe
- Beware of overhyping the oil dividend
- UK's economic torpor looks structural
- Edward Hadas: Cultural gloom spawns economic decay
- Japan downgrade out of step with new QE world
- Euro zone lassitude likely to endure