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Photo by Alec Favale on Unsplash

The economy has been paralysed by a virus we should have seen coming. By some spasm of myopia Western markets looked on as the virus spread like wildfire in China and parts of Asia, and did nothing. It wasn’t until Europe succumbed to the outbreak that markets crashed in a strange period of panic that will be remembered for a long time.

At the time of writing — 10th April — the market is pretty exuberant. We all saw South Korea and Singapore slowly re-open. The market is pricing a high probability of a V-shaped recovery with most stocks trading…


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Photo by Markus Spiske on Unsplash

But Not All is Lost…

Seeing the meteoric rise of the sixteen-year old teenager from Sweden has been heart-warming. But it also shows me the very reason we have been hitherto unable to deal with climate change as a species. The kind of society that would have the long-term big-picture thinking to effectively tackle climate change head-on is not only the kind of society where Greta would not stand out…more significantly, it’s also the kind of society where the life of a single girl is unimportant, however impressive that girl may be.

The popularity of Greta Thunberg is a symptom of our species’ collective psychological…


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Source: Freestocks.org, Pexels

As subscription models rise in popularity do consumers actually care more about access than ownership?

Consultants and business commentators are paying a lot of attention to a recent change in consumer behaviour that is disrupting business models across industries. Consumers, it seems, care less and less about owning a good: they’re just as happy to simply have access to it. So as access trumps ownership, more and more business models are developing around subscription services, as fewer buyers actually seek to ‘buy’.

One can see why this trend has gathered a lot of attention. Home ownership is on the decline vis-a-vis renting (see Figure 1). My parents used to own CDs and DVDs. I don’t…


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The Importance of Recapturing the Centre

In the US, the Left reacted to the surprise election of Trump in a similar way as the Right in the UK reacted to the surprise election of Jeremy Corbyn as leader of the Labour Party: both sides sought refuge in their own extremes. As the Left slid further to the left, the British Conservatives reacted by backing a harder Brexit. As the Right slid further to the right, the Democrats have sought refuge in socialist policies, expressed through the likes of Bernie Sanders, Elizabeth Warren, Kamala Harris, and Alexandria Ocasio-Cortez.

The formation of the UK’s Independent Group, as well…


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Photo by rawpixel.com from Pexels

If only I had a dollar for every new Democratic presidential candidate…

The Democratic presidential field has become uniquely crowded, and it has some Democrats worrying. Here’s why they shouldn’t. Retrospective analysis has made it quite clear that at least part of Trump’s appeal — in all likelihood his strongest appeal — was that he was the anti-establishment candidate, up against Hilary Clinton, who embodied the establishment.

What was the biggest contextual difference between the Trump and Clinton campaigns? There were many, of course, but the one that may have played best to the hands of Trump is this: Hilary…


Worrying about inflation was the macroeconomic zeitgeist of the last three decades of the 20th Century, forming the cornerstone of an academic revolution led by the free market economists of the Friedman-Hayek generation, as well as the cornerstone of monetary policy.

But times have changed.

Can you remember the last time inflation was a problem? Even after the UK’s Brexit vote in 2016, which triggered a significant devaluation of the British Pound, CPI never surpassed 3% for more than a couple of months. Oil prices reached momentarily abnormal highs in 2018, and still, inflation remained low.

The more pertinent point…


After a nearly decade-long bull market, the prevailing consensus has been that we are at the top of the business cycle, and about to enter into a period of downturn. The bear market is coming. It has already arrived, some even say.

Perhaps.

But this is no standard top-of-cycle situation. From early 2003, to its high in late 2007, the S&P 500 had gained around 85%, climbing to 1557 before crashing to a low of 735 in 2008, erasing all the gains it had made since the dot com crash.

This 85% bull run appreciation over just under five years…

Yannis Gidopoulos

Technology and Healthcare Investor // Durham University | Philosophy, Politics, & Economics

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