Donald Trump is as good as Keynesianism and better than a sovereign wealth fund. Spending £1bn on a Scottish golf course for toffs is an ideal way to offset recession.
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Interest rates will fall and inflation will plummet. That’s official: the Bank of England quietly said it while it thought no-one was listening.
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Call it a mathematical trick, but if a bear market is a 20 per cent fall in share prices, a bull market must rise 25 per cent just to get back to where it started.
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You can tell when times are tough because you can hail a taxi.  But there is more to this model of supply and demand than meets the eye.   (more…)