Stocks head to a cliff edge

“History is just one f**king thing after another,” declares a vulgar schoolboy in Alan Bennett’s play The History Boys. Surveying the past 25 years can feel the same way. From Iraq to the euro crisis

We didn’t make any specific calls in our first edition, but flicking through it at the British Library the other day (none of us have a copy) I was struck by how we managed to highlight important them

Credit markets are “partying like it’s 1999”, investor Jim Chanos tells Bloomberg. Chanos, a short-seller famous for predicting the collapse of Enron, thinks that private credit is being sold to inves

Gold succumbed to gravity this week. After a phenomenal surge – almost 30% in two months – it slipped by 6.3% on Tuesday, the biggest daily fall since 2013 (see page 4). Good. As gold bugs we like to

Issue of the week: private dysfunction? A brief ...

There are policies that seem to work and some that don’t. But the policy that always works best is no policy at all. That is, left alone, people do the best they can with what they have. Only they kno