There are many barometers of health for the world economy. However, none is more important than trade, writes Richard Jeffrey, chief economist at Cazenove Capital.
I did something really bad recently. I showed my three-year-old granddaughter how 'click and pay' works.
Markets driven by sentiment rather than fundamentals
British consumers held up well in the wake of the UK Brexit referendum last year, but signs of weakness have emerged.
The American economist Hyman Minsky once said that "stability is destabilising". Minsky's 'financial instability hypothesis', which we witnessed between 2007 and 2009, saw the collapse of the US housing and credit boom and, due to the subsequent policy...
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