Recent stories
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Chancellor: Index investment riskier than it looks
That investors are abrogating their responsibilities to allocate capital intelligently is a danger from the rapid growth of passive fund management. Less widely aired, but of greater concern, is the threat posed to financial stability by the dominance of benchmark-tracking funds.22 March 2018 -
Review: The pitfalls of managing by measurement
Excessive dependence on quantitative indicators has long caused trouble. Yet as Jerry Muller shows in “The Tyranny of Metrics”, a fixation with targets still distorts the behaviour of teachers, doctors and executives. Though data matters, it’s no substitute for judgment.16 March 2018 -
Review: The flimsy finances behind China’s miracle
The People’s Republic has long defied the economic doom-mongers. In “China’s Great Wall of Debt”, Dinny McMahon exposes the fragility and contradictions of the country’s growth model. It’s a detailed and original reality check on the latest bout of China hype.9 March 2018 -
Chancellor: Beware the volatility bubble’s popping
8 February 2018 -
Chancellor: Beware economic models’ hidden biases
6 February 2018 -
Chancellor: Carillion’s flaws are common to many
22 January 2018 -
Chancellor: Bitcoin will never be real money
9 January 2018 -
Chancellor: Bitcoin speculators face total wipeout
13 December 2017 -
Review: The myth of Federal Reserve independence
20 October 2017 -
Chancellor: 1929 is more apt anniversary than 1987
18 October 2017