James Ferguson illustration
©James Ferguson

The wary retreat of the bond bulls

Long fall and recent collapses in nominal and real yields on safe securities should be at an end

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©istock

Death, taxes and compulsory saving

Forced saving is like paying tax, particularly if the state contributes for the poorest

Ingram Pinn illustration

The embattled future of global trade policy

Trade deals must not become an alternative to the WTO

Ingram Pinn illustration

Economics is the loser in this party contest

The time has come to shift the focus from fiscal deficits and debt

Bribes and evasions on UK housing and the deficit

Britain cannot do without markets. This is true for health and education, just as it is for food or clothing

Ingram Pinn illustration

The British economy after the coalition

Why should one be desperate to avoid a free loan? Growth-promoting borrowing is needed

Ingram Pinn illustration

Mythology that blocks progress in Greece

It will not end well if the players cling to false beliefs

Long live the UK — but not at any price

The SNP has no interest in my country’s success. It cares only about what it can extract from us

Ingram Pinn illustration

Economic future that may never brighten

The decline in potential growth leads to debate about the savings glut and secular stagnation

Ingram Pinn illustration
©Ingram Pinn

China will struggle to keep its momentum

As the economy slows, the demand for investment is likely to fall more than proportionately

UK election is uncertain but unimportant

The public is conservative (with a small ‘c’). That is unlikely to change

A mishap should not seal Greece’s fate

Accidental exit from the eurozone is quite likely — not because Greece or its partners want it

A rebuff of China’s AIIB would be folly

It would be good if the lender were white as snow. But this is a fallen world

UK can walk tall if productivity increases

The government made three arguments for accelerated austerity. None was persuasive

Fragility lies beneath a bright outlook

On both the demand and supply sides, the assumed recovery looks questionable

Strong currents that keep rates down

Central banks must move rates in an equilibrating direction — which they cannot choose

India has a chance to excel on growth

Provided the government persists with reforms the economy should now revive

Poor productivity equals stagnant wages

IFS figures show the weakness of the recovery in household incomes

Riches and perils of the fossil-fuel age

If nations could agree a carbon tax, it would help create a more efficient, less polluting future

How addiction to debt came even to China

Huge increases in private sector credit preceded many financial crises

ABOUT MARTIN

Martin Wolf Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”. Mr Wolf is an honorary fellow of Nuffield College, Oxford, honorary fellow of Corpus Christi College, Oxford University, an honorary fellow of the Oxford Institute for Economic Policy (Oxonia) and an honorary professor at the University of Nottingham.

He has been a forum fellow at the annual meeting of the World Economic Forum in Davos since 1999 and a member of its International Media Council since 2006. He was made a Doctor of Letters, honoris causa, by Nottingham University in July 2006. He was made a Doctor of Science (Economics) of London University, honoris causa, by the London School of Economics in December 2006. He was a member of the UK government's Independent Commission on Banking in 2010-2011. Martin's most recent publications are Why Globalization Works and Fixing Global Finance.

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