Research Articles

Trouble Ahead? A Second Opinion

Former Permanent Secretary to the UK Treasury Lord Macpherson reviews arguments over the likelihood and potential depth of a future recession Baron Macpherson Baron Macpherson of Earl’s Court is a former Permanent Secretary to the Treasury (2005-2016). He served under three different Chancellors of the Exchequer and was created a peer in Prime Minister David […]


Recession or No Recession?

No Recession Real GDP is projected to grow by 1.8% in 2022, 0.5% in 2023 and by 1.0% in 2024. USA Economic Snapshot, OECD October 2022 Recession Two-thirds of those surveyed for the World Economic Forum’s Chief Economists Outlook expect a global recession in 2023 World Economic Forum 16th January 2023 No Recession Real GDP […]


An Opera of Canaries

John Scott Haldane was a physician and physiologist on the academic staff at Glasgow University. Known as the ‘father of oxygen therapy’ he was famous for his research in respiration and anaesthesia. His pioneering work gave rise to life-saving inventions ranging from respirators, gas masks, oxygen tents to decompression chambers and tablets.  The research was […]


Money Makers podcast – March 2023

 Jonathan Davis talks to Sandy Nairn, executive director of the Global Opportunities Trust (GOT). This is a Money Makers Circle subscriber-only podcast. — Produced by Ben Gamblin. Important disclaimer This communication was produced and approved in March 2023 and has not been updated subsequently. The views expressed within are those of the author and […]


Are we there yet?

The failure of Silicon Valley Bank and the rescue of Credit Suisse are warning signs that investors should dismiss at their peril. While there is no immediate risk of a systemic bank collapse like the one that precipitated the global financial crisis, the banking troubles that have surfaced this month are symptomatic of a fundamental […]


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