Arbitrage in the electronic jungle

John Plender finds a marketplace fragmented by computerised reactions to short-term price movements

Reykjavik, Iceland
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Iceland and Pink Floyd on money

James Mackintosh finds the debate about the structure of the financial system is heating up again

Currency markets are treacherous places

Central banks are being forced to rely on currency depreciation to loosen monetary policy, says John Plender

Alchemy of ETF liquidity is an illusion

Stephen Foley studies the apparently miraculous transformation of deeply illiquid credit instruments

The Chancellor of the Exchequer, George Osborne, leaves No.11 Downing street to deliver the last budget of the coalition.
©Charlie Bibby/FT

The bookmakers’ guide to the election

The forthcoming UK vote poses a particular challenge for pundits, writes Jonathan Davis

Life expectancy of eurozone QE shrinks

The ECB has made its move just when the economy appears to be on the turn, says John Plender

Why Pratchett was right on central banks

The late author’s fantasy finds life in US economy, writes James Mackintosh

DJB9C4 Germany, Bavaria, Munich,Oktoberfest, Character in Bavarian Costume
©Steve Vidler/Alamy

Demographic change will test bond market

Age structure has an important impact on levels of saving, which affects market prices

Rubber ducks
©Goldmund/iStock

The Buffett duck flaps its wings

Stephen Foley looks back at the Oracle of Omaha’s early advice

The wages of sin is outperformance

Is it fair to classify scandal-riven banks as the market’s new sinners, asks Jonathan Davis

Being a sore loser can work

Broadly, investors trade too much, and lose out as a result, writes James Mackintosh

Tidal wave of capital looking for safety

The fear of inflation may seem exaggerated, yet it is not stupid

‘Robo investing’ on fruit and nut fringe

ETFs have turned even long-term investors into macro hedge fund managers, says Stephen Foley

Lenin’s despised gold is ultimate hedge

Humanity harbours a deep psychological commitment to the yellow metal, says John Plender

Portfolio theory hypnotises fund managers

Like alchemy, investing relies on the desire to believe in the impossible, writes Amin Rajan

Bewitched by mandarins of central banking

John Plender fears significant economic costs are bound to arise from artificially cheap capital

Cheap oil rattles the complacent consensus

It is clear there are other important economic actors beyond central banks

When economists reach a conclusion, worry

What could go wrong with economic forecasts? Frankly, anything, says James Mackintosh

The last throw of the eurozone dice

Investors place a euphoric bet on a policy of probably limited effectiveness

Tyranny of the minority takes on Big Oil

The divestment movement claims money is most powerful when it walks, not talks, says Stephen Foley

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