Listen carefully as Mr Nightingale sings of more woe on the horizon

A few of you may have heard of an economist called Roger Nightingale but if not I suggest you listen...

A few of you may have heard of an economist called Roger Nightingale but if not I suggest you listen carefully to his warnings. Many years ago, I was invited to a trendy West End bar-cum-eaterie to hear Mr Nightingale, a former chief economist at BA, regale us with his thoughts. The talk has stuck in my mind because he was so scarily spot on. Nightingale is a 'business-cycle' man who suggests we ignore the fundamentals of the business cycle at our peril. He suggested there was a giant asset price bubble going on, huge amounts of new business capacity was being shamelessly added to globa...