Trust plays a vital role in sustaining liberal democracy in the west. The authority of long established institutions in America and the UK has come under severe attack by disaffected voters.
Equity markets have shown a surprising resilience over recent months. This piece seeks to identify an explanation. It also discusses the risk(s) to current complacency. These centre on the political and economic impacts of popular …
Our piece last April referred to the risk posed by ‘nations turning in on themselves’. Despite the danger, that is what seems to be happening. So far, equity markets are ignoring the threat. Recent bond …
‘Bonus’ incentives had become disproportionate to any value contributed and stakeholders were increasingly intolerant of them. Far the most effective incentive to do one’s best is job satisfaction, not extravagant remuneration.
