What the money is saying

The last 50 years have been kind to investors in real terms. Everything made money: equities, bonds, property and gold. All investors had to remember was not to buy high and sell low. But that hasn’t

“Sire… worse than a crime, you have committed an error,” said Charles Maurice de Talleyrand-Périgord. A crime is whatever the feds say it is. Often not what you think it ought to be. But an error is d

Our Dollar, Your Problem An Insider’s View of Seven Turbulent Decades of Global Finance, and The Road Ahead Kenneth Rogoff Yale University Press, £25 For the past eight decades, the US dollar has been

When a president uses his office to launch a cryptocurrency, it is clear that his modus operandi is to part people from their money. Apply this analysis to the global stage, tune out the furore over h

Investors have a lot to think about as the president’s policies gather momentum

Don’t rock the boat. Don’t stick your neck out. Don’t blow your own trumpet. These are all lessons Europeans absorb early, while the US economy runs on exuberance, enterprise and risk-taking. A tellin